FMP

FMP

Victory Capital Holdings, Inc. (NASDAQ: VCTR) Surpasses Earnings Estimates

  • Earnings Per Share (EPS) of $1.35, surpassing the estimated $1.30.
  • Revenue for the third quarter of 2024 was approximately $225.6 million, exceeding estimates.
  • Key financial ratios like the Price-to-Earnings (P/E) ratio of 16.06 and Debt-to-Equity ratio of 0.84 highlight the company's valuation and financial health.

Victory Capital Holdings, Inc. (NASDAQ:VCTR) is a diversified global asset management firm. It offers a range of investment strategies and solutions to institutional and retail clients. The company competes with other asset managers like BlackRock and Vanguard. On November 8, 2024, VCTR reported earnings per share (EPS) of $1.35, surpassing the estimated $1.30.

The company's revenue for the third quarter of 2024 was approximately $225.6 million, exceeding the estimated $223.6 million. This performance marks an improvement from the previous year's earnings of $1.18 per share, as highlighted by Zacks. The increase in EPS indicates a positive growth trajectory for Victory Capital.

Victory Capital's financial metrics provide further insights into its valuation. The price-to-earnings (P/E) ratio is approximately 16.06, showing how much investors are willing to pay per dollar of earnings. The price-to-sales ratio stands at about 4.89, reflecting the market's valuation of the company's revenue.

The enterprise value to sales ratio is around 5.79, suggesting the company's total valuation relative to its sales. Additionally, the enterprise value to operating cash flow ratio is approximately 14.73, offering insight into the company's valuation compared to its cash flow from operations. The earnings yield is about 6.23%, providing a perspective on the return on investment.

Victory Capital's debt-to-equity ratio is approximately 0.84, indicating the proportion of debt used to finance the company's assets relative to shareholders' equity. This ratio suggests a balanced approach to financing, which can be beneficial for the company's long-term financial health.