Victory Capital (NASDAQ:VCTR) Releases Earnings Results, Misses Estimates By $0.14 EPS

Victory Capital (NASDAQ:VCTR) released its quarterly earnings data on Wednesday. The company reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.14), FiscalAI reports. The firm had revenue of $396.57 million for the quarter, compared to analyst estimates of $411.23 million. Victory Capital had a net margin of 29.57% and a return on equity of 24.17%.

Victory Capital Trading Up 3.8%

NASDAQ VCTR traded up $4.44 on Wednesday, reaching $120.19. The company had a trading volume of 650,602 shares, compared to its average volume of 587,512. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 0.53 and a beta of 1.12. Victory Capital has a fifty-two week low of $57.03 and a fifty-two week high of $123.55. The business has a 50 day moving average of $110.89 and a two-hundred day moving average of $89.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VCTR shares. The Goldman Sachs Group increased their target price on Victory Capital from $100.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. Barclays boosted their price target on Victory Capital from $112.00 to $121.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. Morgan Stanley upped their price objective on Victory Capital from $115.00 to $119.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 28th. Zacks Research downgraded Victory Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Royal Bank Of Canada raised their price objective on shares of Victory Capital from $107.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Victory Capital presently has an average rating of “Hold” and an average target price of $118.67.

About Victory Capital

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.