Victory Capital Holdings, Inc. (NASDAQ:VCTR) an independent investment management firm, is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.93 per share.
Looking ahead, the full year income are expected at $ 3.67 per share on the revenues of $ 768.13 million.
Previous Quarter Performance
Victory Capital Holdings, Inc. outlined income for the second quarter of $ 0.89 per share, from the revenue of $ 181.89 million. According to street consensus, VCTR was expected to report 2Q20 income of $ 0.83 per share from revenue of $ 183.53 million. The bottom line results beat street analysts by $ 0.06 or 7.23 percent, at the same time, top line results fell short of analysts by $ 1.64 million or 0.89 percent.
Stock Performance
Shares of Victory Capital Holdings, Inc. traded up $ 0.07 or 0.38 percent on Tuesday, reaching $ 18.31 with volume of 27.50 thousand shares. Victory Capital Holdings, Inc. has traded high as $ 18.81 and has cracked $ 18.25 on the downward trend
According to the previous trading day, closing price of $ 18.31, representing a 79.17 % increase from the 52 week low of $ 10.18 and a 26.54 % decrease over the 52 week high of $ 24.83.
The company has a market capital of $ 1.24 billion and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.06 per share on August 5, 2020. The dividend were payable on September 25, 2020 to holders of record as of the close of business on September 10, 2020 and ex-dividend date on September 9, 2020.
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. As of December 31, 2018, its franchises and solutions platform managed a set of 71 investment strategies for a range of institutional and retail clients.
