VIRTU FINANCIAL INC (NASDAQ: VIRT) has reported earnings for its second fiscal quarter (ending June 30) of $0.71 versus $0.16 for the same period a year ago — an increase of 344%. Relative to the consensus estimate of $0.57, this was a premium of $0.14. For the latest four quarters through June 30, E.P.S. were $1.98 compared to $1.38 a year ago — an increase of 43%.
Recent Price Action
On 7/18/24, VIRTU FINANCIAL INC (NASDAQ: VIRT) stock enjoyed a major increase of 18.8%, closing at $27.92. Moreover, this advance was accompanied by exceptionally high trading volume at 311% of normal. The stock has risen 24.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, VIRT is expected to continue to be an important Value Builder.
VIRTU FINANCIAL INC has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. VIRTU FINANCIAL INC has a good Power Rating of 81 and a good Appreciation Score of 84, resulting in the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and very positive price change we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Be the first to comment