Virtu Financial (NASDAQ:VIRT – Get Free Report) issued its earnings results on Thursday. The financial services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.23, Briefing.com reports. Virtu Financial had a return on equity of 22.67% and a net margin of 7.59%. The company had revenue of $385.10 million during the quarter, compared to the consensus estimate of $331.92 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. The company’s revenue was up 38.2% compared to the same quarter last year.
Virtu Financial Trading Up 5.6 %
Shares of VIRT opened at $29.48 on Friday. The company has a market capitalization of $4.63 billion, a P/E ratio of 20.62, a P/E/G ratio of 0.59 and a beta of 0.39. Virtu Financial has a one year low of $16.02 and a one year high of $29.51. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a 50-day moving average price of $23.16 and a 200 day moving average price of $20.71.
Virtu Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Sunday, September 1st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Sunday, September 1st. Virtu Financial’s dividend payout ratio is currently 67.13%.
Analyst Ratings Changes
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Virtu Financial Company Profile
Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology.
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