Virtu Financial (NASDAQ:VIRT) issued its quarterly earnings results on Tuesday. The financial services provider reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.74, MarketWatch Earnings reports. The company had revenue of $728.03 million during the quarter, compared to analysts’ expectations of $482.85 million. Virtu Financial had a net margin of 17.49% and a return on equity of 52.12%. The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the business earned $2.05 EPS.
Shares of Virtu Financial stock opened at $28.54 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s fifty day moving average is $30.69 and its 200 day moving average is $26.40. The stock has a market cap of $5.49 billion, a P/E ratio of 6.88 and a beta of -0.26. Virtu Financial has a one year low of $20.93 and a one year high of $32.35.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 28th. This represents a $0.96 dividend on an annualized basis and a yield of 3.36%. Virtu Financial’s dividend payout ratio is currently 157.38%.
Virtu Financial Company Profile
Virtu Financial, Inc, financial services company, provides execution services and data, analytics, and connectivity products to clients worldwide. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology. The company's solutions enable clients to trade on various venues across countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income, and other commodities.
See Also: Moving Average (MA)
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