Piper Sandler Analysts Raise Earnings Estimates for Virtu Financial Inc (NASDAQ:VIRT)

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Virtu Financial Inc (NASDAQ:VIRT) – Research analysts at Piper Sandler increased their Q1 2020 EPS estimates for shares of Virtu Financial in a research note issued on Tuesday, February 11th. Piper Sandler analyst R. Repetto now anticipates that the financial services provider will earn $0.38 per share for the quarter, up from their previous estimate of $0.33. Piper Sandler also issued estimates for Virtu Financial’s Q4 2020 earnings at $0.42 EPS, FY2020 earnings at $1.51 EPS, Q1 2021 earnings at $0.44 EPS, Q3 2021 earnings at $0.41 EPS, Q4 2021 earnings at $0.44 EPS and FY2021 earnings at $1.70 EPS.

Virtu Financial (NASDAQ:VIRT) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $257.20 million for the quarter, compared to the consensus estimate of $252.72 million. Virtu Financial had a net margin of 2.55% and a return on equity of 18.75%. Virtu Financial’s quarterly revenue was down 14.0% on a year-over-year basis. During the same quarter last year, the company posted $0.67 earnings per share.

A number of other equities research analysts have also weighed in on VIRT. Citigroup set a $18.00 target price on Virtu Financial and gave the company a “hold” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. boosted their target price on Virtu Financial from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday. TheStreet lowered Virtu Financial from a “c” rating to a “d+” rating in a research note on Tuesday. Rosenblatt Securities boosted their target price on Virtu Financial from to in a research note on Wednesday. Finally, BidaskClub raised Virtu Financial from a “strong sell” rating to a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Virtu Financial has an average rating of “Hold” and a consensus target price of $18.44.

Shares of Virtu Financial stock traded down $0.13 during midday trading on Friday, hitting $17.65. The company had a trading volume of 4,040 shares, compared to its average volume of 1,255,986. The business’s 50 day simple moving average is $16.11 and its two-hundred day simple moving average is $17.30. The stock has a market cap of $3.41 billion, a PE ratio of 47.66, a P/E/G ratio of 2.36 and a beta of -0.56. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.72 and a quick ratio of 0.72. Virtu Financial has a 1-year low of $14.94 and a 1-year high of $26.30.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date is Friday, February 28th. Virtu Financial’s payout ratio is 48.98%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in shares of Virtu Financial by 208.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,668 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,127 shares during the period. Neo Ivy Capital Management bought a new position in shares of Virtu Financial during the 4th quarter valued at about $30,000. FNY Investment Advisers LLC bought a new position in shares of Virtu Financial during the 4th quarter valued at about $41,000. Tower Research Capital LLC TRC boosted its position in shares of Virtu Financial by 72.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,884 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,216 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Virtu Financial during the 4th quarter valued at about $77,000. 66.66% of the stock is owned by institutional investors and hedge funds.

Virtu Financial Company Profile

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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Earnings History and Estimates for Virtu Financial (NASDAQ:VIRT)

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