Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Victory Capital Holdings Inc (VCTR)
NASDAQ:VCTR
RESEARCH TOOLSreports
Holding VCTR?
Track your performance easily
Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.37Last Year’s EPS
1.15Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 4.88%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call presented a mainly positive outlook with record-high earnings and margins, strong asset growth, and successful progress on strategic transactions, despite some pressure on net flows and a slight decline in average fee rates.Company Guidance
During Victory Capital's third quarter 2024 earnings call, the company provided several key performance metrics and strategic insights. The company reported total client assets of over $181 billion, marking the second highest quarter-end level in its history. This contributed to record highs in quarterly earnings per share, adjusted EBITDA, and an expanded margin of 53.7%. The company's adjusted EBITDA reached $121.3 million, with an adjusted EBITDA margin of 53.7%. Average assets under management for the quarter rose 3% to $172 billion, resulting in a 3% revenue increase to $225.6 million, with a revenue realization of 52.1 basis points. The net leverage ratio improved to 1.7x, with $188 million in cash on hand. The company also highlighted strong investment performance, with 67% of AUM in mutual funds and ETFs earning 4 or 5-star ratings. Additionally, Victory Capital announced progress towards closing a strategic transaction with Amundi, expected in the first quarter of 2025, which is anticipated to enhance their distribution capabilities globally.Record-High Earnings and Margin
Victory Capital achieved record earnings per share of $1.35 and a record adjusted EBITDA margin of 53.7%.
Strong Asset Growth
Total client assets rose by over 4% to $181 billion, marking the second-highest quarter-end level in Victory Capital's history.
Successful Amundi Transaction Progress
Victory Capital made excellent progress towards closing the strategic transaction with Amundi, with shareholder support and expected closure in Q1 2025.
Positive Fixed Income Flows
Victory Income Investors posted its third consecutive quarter of positive net flows, contributing significantly to year-to-date net flows.
Significant Revenue and Earnings Growth
Revenue increased by 3% to $225.6 million, and adjusted EBITDA was $121.3 million, up 4% from the previous quarter.
Dividend Increase
The Board authorized a 7% dividend increase to $0.44 per share for the final quarter of the year.
---
VCTR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
VCTR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $63.10 | $65.69 | +4.10% |
| Aug 08, 2024 | $46.36 | $48.30 | +4.18% |
| May 09, 2024 | $51.12 | $47.63 | -6.83% |
| Feb 08, 2024 | $33.85 | $35.67 | +5.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Victory Capital Holdings Inc (VCTR) report earnings?
Victory Capital Holdings Inc (VCTR) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Victory Capital Holdings Inc (VCTR) earnings time?
Victory Capital Holdings Inc (VCTR) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VCTR EPS forecast?
VCTR EPS forecast for the fiscal quarter 2024 (Q4) is 1.37.
---