Virtu Financial (NASDAQ:VIRT) Posts Quarterly Earnings Results, Beats Estimates By $0.74 EPS


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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%.

VIRT has been the subject of several recent research reports. Rosenblatt Securities upped their price objective on Virtu Financial from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, April 5th. Morgan Stanley raised their price objective on Virtu Financial from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 31st. Citigroup lifted their target price on Virtu Financial from $29.00 to $32.50 in a report on Tuesday, April 20th. Zacks Investment Research raised Virtu Financial from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, February 17th. Finally, Piper Sandler lifted their target price on Virtu Financial from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $30.39.

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)

Earnings History for Virtu Financial (NASDAQ:VIRT)

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