FY2018 EPS Estimates for Victory Capital Holdings Inc Reduced by William Blair (VCTR)

Victory Capital Holdings Inc (NASDAQ:VCTR) – Stock analysts at William Blair decreased their FY2018 earnings estimates for Victory Capital in a research report issued to clients and investors on Monday, October 15th. William Blair analyst C. Shutler now forecasts that the company will post earnings of $1.53 per share for the year, down from their previous estimate of $1.55. William Blair also issued estimates for Victory Capital’s Q4 2018 earnings at $0.38 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.45 EPS, FY2019 earnings at $1.70 EPS and FY2020 earnings at $1.86 EPS.

Victory Capital (NASDAQ:VCTR) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. The company had revenue of $104.40 million for the quarter, compared to analyst estimates of $106.12 million.

VCTR has been the subject of a number of other research reports. Sandler O’Neill set a $11.00 price target on Victory Capital and gave the stock a “hold” rating in a research report on Wednesday, August 8th. Morgan Stanley boosted their price target on Victory Capital from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, October 9th. ValuEngine lowered Victory Capital from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded Victory Capital from a “sell” rating to a “hold” rating in a research report on Sunday, July 15th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $13.00 price target on shares of Victory Capital in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $13.25.

Shares of VCTR stock opened at $7.97 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.68. Victory Capital has a 1 year low of $7.80 and a 1 year high of $13.50. The firm has a market cap of $647.83 million and a price-to-earnings ratio of 6.38.

A number of hedge funds have recently made changes to their positions in VCTR. Impax Asset Management LLC lifted its holdings in shares of Victory Capital by 44.1% in the second quarter. Impax Asset Management LLC now owns 1,415,710 shares of the company’s stock valued at $14,978,000 after buying an additional 433,362 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Victory Capital in the first quarter valued at $7,565,000. Millennium Management LLC lifted its holdings in shares of Victory Capital by 23.3% in the second quarter. Millennium Management LLC now owns 547,382 shares of the company’s stock valued at $5,791,000 after buying an additional 103,374 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Victory Capital in the first quarter valued at $3,868,000. Finally, Putnam Investments LLC lifted its holdings in shares of Victory Capital by 39.5% in the second quarter. Putnam Investments LLC now owns 145,175 shares of the company’s stock valued at $1,536,000 after buying an additional 41,100 shares during the period. Institutional investors own 16.23% of the company’s stock.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.

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Earnings History and Estimates for Victory Capital (NASDAQ:VCTR)

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