Virtu Finl

Virtu Financial Inc is a financial firm that leverages cutting edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. The company's operating segment includes Market Making; and Execution Services. The non-operating segment of the company includes the Corporate segment. The company generates maximum revenue from the market-making segment. The Market Making segment principally consists of market-making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of its revenue from the United States and also has a presence in Ireland and Other Countries.

VIRT

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Virtu Financial reported fourth-quarter results with a 55.7% revenue increase to $834.3 million and adjusted EPS of $1.14, exceeding estimates. 

Virtu Financial Q4: Earnings Beat, Higher Trading Income, Dividend Payout And More

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BofA Securities analyst predicts strong earnings for brokers like Virtu Financial, Robinhood, and BlackRock, driven by retail engagement and market conditions.

Analyst Predicts Strong Earnings For Brokers Amid Solid Retail Engagement: Virtu Financial, Robinhood, And BlackRock Under The Spotlight

Virtu Financial, Inc. - Class A Common Stock

Virtu Financial Inc

VirTra Inc

Virtua - United States Dollar

VIRTUAL ED LINK INC by Virtual Ed Link, Inc.

Virtual Ed Link Inc

VIRTUAL INTERACTIVE TECH by Virtual Interactive Technologies Corp.

Virtual Interactive Technologies Corp

VIRTUAL MEDICAL INTL INC by Virtual Medical International, Inc.

Virtual Medical International Inc

Virtue Poker

Virtus Diversified Income & Convertible Fund Common Shares of Beneficial Interest

Virtus AllianzGI Diversified Income & Convertible Fund

Virtus Equity & Convertible Income Fund Common Shares of Beneficial Interest

Virtus AllianzGI Equity & Convertible Income Fund

Virtus Artificial Intelligence & Technology Opportunities Fund Common Shares of Beneficial Interest

Virtus Artificial Intelligence & Technology Opportunities Fund

Virtus Convertible & Income 2024 Target Term Fund Com

Virtus Convertible & Income Fund 5.625% Series A Cumulative Preferred Shares

Virtus Convertible & Income Fund

Virtus Convertible & Income Fund Common Shares of Beneficial Interest

Virtus Convertible & Income Fund II 5.50% Series A Cumulative Preferred Shares

Virtus Convertible & Income Fund II

Virtus Convertible & Income Fund II Common Shares of Beneficial Interest

Virtus Dividend, Interest & Premium Strategy Fund Common Shares of Beneficial Interest

Virtus Dividend, Interest & Premium Strategy Fund

Virtus Duff & Phelps Clean Energy ETF

Virtus ETF Trust II VIRTUS SEIX AAA Private Credit CLO ETF

Virtus ETF Trust II Virtus AlphaSimplex Managed Futures ETF

Virtus ETF Trust II Virtus KAR Mid-Cap ETF

Virtus ETF Trust II Virtus Newfleet Short Duration Core Plus Bond ETF

Virtus ETF Trust II Virtus Stone Harbor Emerging Markets High Yield Bond ETF

Virtus ETF Trust II Virtus Terranova U.S. Quality Momentum ETF

Virtus Global Multi-Sector Income Fund Common Shares of Beneficial Interest

Virtus Global Multi-Sector Inc

Virtus InfraCap U.S. Preferred Stock ETF

Virtus Investment Partners, Inc. Common Stock

Virtus Investment Partners Inc

Virtus LifeSci Biotech Clinical Trials ETF

Virtus LifeSci Biotech Products ETF

Virtus Newfleet ABS/MBS ETF

Virtus Newfleet Multi-Sector Bond ETF

Virtus Newfleet Short Duration High Yield Bond ETF

Virtus Private Credit Strategy ETF

Virtus Real Asset Income ETF

Virtus Reaves Utilities ETF

Virtus Seix Senior Loan ETF

Virtus Stone Harbor Emerging Markets Income Fund Common Shares of Beneficial Interest

Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Total Income Fund Com

Virtus Total Return Fund Inc

Virtus WMC International Dividend ETF

Disclosed on February 19, Stephen Cavoli, EVP at Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: Cavoli's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001592386/000159238625000047//Archives/edgar/data/1592386/000159238625000047/0001592386-25-000047-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday unveiled the sale of 68,000 shares of Virtu Finl. The total transaction value is $2,525,846.
The latest update on Wednesday morning shows Virtu Finl shares up by 1.27%, trading at $38.21.
<h3>Unveiling the Story Behind Virtu Finl</h3>
Virtu Financial Inc is a technology-enabled market maker and liquidity provider to the financial markets. The company's operating segment includes Market Making; and Execution Services. The non-operating segment of the company includes the Corporate segment. The company generates maximum revenue from the market-making segment. The Market Making segment principally consists of market-making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of its revenue from the United States and also has a presence in Ireland and Other Countries.
<h3>Virtu Finl's Financial Performance</h3>
Revenue Growth: Virtu Finl's remarkable performance in 3 months is evident. As of 31 December, 2024, the company achieved an impressive revenue growth rate of 18.03%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: With a high gross margin of 60.72%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Virtu Finl's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 1.03.
</li>
</ul>
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 3.84, caution is advised due to increased financial risk.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: Virtu Finl's P/E ratio of 12.7 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 1.15 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 0.2, Virtu Finl presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
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<h3>Illuminating the Importance of Insider Transactions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001592386">Check Out The Full List Of Virtu Finl's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Virtu Finl EVP Trades $2.53M In Company Stock

Morgan Stanley analyst Michael Cyprys maintains Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) with a Equal-Weight and raises the price target from $31 to $33.

Morgan Stanley Maintains Equal-Weight on Virtu Finl, Raises Price Target to $33

Virtu Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">&nbsp;</a>trading higher on Wednesday.
The company reported fourth-quarter revenue growth of 55.7%<a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/g43298155/virtu-announces-fourth-quarter-2024-results" rel="noreferrer noopener"> year-on-year to $834.3 million</a>.
Adjusted EPS of $1.14 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus estimate of $0.89.</a>
Trading income, net, surged 104% to $544 million for the quarter, up from $266.6 million in the same period last year.
Adjusted net trading income rose 75.4% to $457.7 million this quarter, up from $260.9 million in the same period last year and <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">above the consensus of $406.02 million.</a>
Adjusted EBITDA increased 186.4% to $283.5 million for this quarter, with a corresponding margin&nbsp;of&nbsp;57.5%.
As of December 31, Virtu had $914 million in cash and equivalents, with total long-term debt outstanding in an aggregate principal amount of $1.767 billion.
Since the program's inception in November 2020 through the settlement date of January 27, the company has repurchased approximately 50.7 million shares of Class A Common Stock and Virtu Financial Units for about $1.296 billion.
The company has approximately $423.8 million remaining for future purchases under the program.
Dividend: The company declared a quarterly cash dividend of 24 cents per share. This dividend is payable on March&nbsp;17, 2025, to shareholders of record as of February&nbsp;28, 2025.
Price Action:&nbsp;VIRT shares are trading higher by 0.39% at $39.08 on the last check Wednesday.

Virtu Financial shares are trading higher following better-than-expected reported Q4 financial results.

Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) reported quarterly earnings of $1.14 per share which beat the analyst consensus estimate of $0.89 by 28.09 percent. This is a 322.22 percent increase over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $457.702 million which beat the analyst consensus estimate of $391.620 million by 16.87 percent. This is a 75.42 percent increase over sales of $260.914 million the same period last year.

Earnings Beats

Virtu Finl Q4 2024 Adj. EPS $1.14 Beats $0.89 Estimate, Sales $457.702M Beat $391.620M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Stifel Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SF#NYSE">SF</a>) is likely to report quarterly earnings at $1.97 per share on revenue of $1.28 billion. 
• Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) is projected to report quarterly earnings at $0.82 per share on revenue of $385.34 million. 
• Otis Worldwide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OTIS#NYSE">OTIS</a>) is likely to report quarterly earnings at $0.96 per share on revenue of $3.63 billion. 
• Teva Pharmaceutical Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $4.12 billion. 
• Wabash National (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WNC#NYSE">WNC</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $412.92 million. 
• Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) is likely to report quarterly earnings at $0.63 per share on revenue of $6.20 billion. 
• Southside Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBSI#NYSE">SBSI</a>) is projected to report quarterly earnings at $0.71 per share on revenue of $68.12 million. 
• MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is estimated to report quarterly earnings at $3.96 per share on revenue of $747.63 million. 
• Hess Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HESM#NYSE">HESM</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $388.90 million. 
• Monro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNRO#NASDAQ">MNRO</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $311.88 million. 
• Central Pacific Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPF#NYSE">CPF</a>) is estimated to report quarterly earnings at $0.62 per share on revenue of $67.00 million. 
• Eagle Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXP#NYSE">EXP</a>) is likely to report quarterly earnings at $4.00 per share on revenue of $575.21 million. 
• Blue Foundry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLFY#NASDAQ">BLFY</a>) is likely to report quarterly loss at $0.17 per share on revenue of $10.02 million. 
• Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) is estimated to report quarterly earnings at $0.88 per share on revenue of $5.56 billion. 
• Coda Octopus Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CODA#NASDAQ">CODA</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $5.27 million. 
• Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) is likely to report quarterly earnings at $2.97 per share on revenue of $3.03 billion. 
• Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $278.05 million. 
• Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) is estimated to report quarterly earnings at $9.09 per share on revenue of $5.21 billion. 
• Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $1.12 billion. 
• Silgan Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLGN#NYSE">SLGN</a>) is likely to report quarterly earnings at $0.83 per share on revenue of $1.40 billion. 
• VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) is likely to report quarterly earnings at $0.33 per share on revenue of $2.75 billion. 
• Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) is expected to report quarterly earnings at $1.50 per share on revenue of $3.05 billion. 
• Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) is projected to report quarterly earnings at $0.26 per share on revenue of $136.80 million. 
• Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) is expected to report quarterly earnings at $0.75 per share on revenue of $1.22 billion. 
• CGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>) is likely to report quarterly earnings at $1.40 per share on revenue of $2.64 billion. 
• Prosperity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PB#NYSE">PB</a>) is expected to report quarterly earnings at $1.33 per share on revenue of $303.21 million. 
• Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) is expected to report quarterly earnings at $3.56 per share on revenue of $18.76 billion. 
• General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) is expected to report quarterly earnings at $4.23 per share on revenue of $13.21 billion. 
• Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) is expected to report quarterly earnings at $2.21 per share on revenue of $1.08 billion. 
• T-Mobile US (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) is projected to report quarterly earnings at $2.30 per share on revenue of $21.37 billion. 
• Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) is projected to report quarterly earnings at $0.56 per share on revenue of $3.76 billion. 
• Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) is expected to report quarterly earnings at $4.14 per share on revenue of $1.23 billion. 
• M/I Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHO#NYSE">MHO</a>) is likely to report quarterly earnings at $4.83 per share on revenue of $1.17 billion. 
• Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) is projected to report quarterly earnings at $2.15 per share on revenue of $6.39 billion. 
• Scotts Miracle Gro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMG#NYSE">SMG</a>) is likely to report quarterly loss at $1.23 per share on revenue of $392.29 million. 
• Automatic Data Processing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>) is expected to report quarterly earnings at $2.30 per share on revenue of $4.97 billion. 
• ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) is expected to report quarterly earnings at $6.71 per share on revenue of $9.02 billion. 
<h3>Companies Reporting After The Bell</h3>
• Whirlpool (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>) is likely to report quarterly earnings at $4.31 per share on revenue of $4.23 billion. 
• Las Vegas Sands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) is estimated to report quarterly earnings at $0.58 per share on revenue of $2.91 billion. 
• John B Sanfilippo &amp; Son (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBSS#NASDAQ">JBSS</a>) is likely to report earnings for its second quarter. 
• Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) is projected to report quarterly loss at $1.00 per share on revenue of $179.89 million. 
• Robert Half (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $1.39 billion. 
• Bassett Furniture Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSET#NASDAQ">BSET</a>) is projected to report quarterly loss at $0.01 per share on revenue of $82.97 million. 
• Two Harbors Inv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWO#NYSE">TWO</a>) is estimated to report quarterly earnings at $0.37 per share on revenue of $-21 million. 
• Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $1.10 billion. 
• Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is projected to report quarterly earnings at $0.76 per share on revenue of $27.12 billion. 
• Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) is estimated to report quarterly earnings at $0.91 per share on revenue of $740.91 million. 
• Washington Trust Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WASH#NASDAQ">WASH</a>) is estimated to report quarterly earnings at $0.58 per share on revenue of $48.36 million. 
• Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) is estimated to report quarterly earnings at $1.79 per share on revenue of $5.90 billion. 
• Meritage Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>) is likely to report quarterly earnings at $1.10 per share on revenue of $1.57 billion. 
• Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) is projected to report quarterly earnings at $1.84 per share on revenue of $4.26 billion. 
• First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>) is projected to report quarterly earnings at $0.46 per share on revenue of $251.46 million. 
• Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) is projected to report quarterly earnings at $0.56 per share on revenue of $660.00 million. 
• United Rentals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>) is likely to report quarterly earnings at $11.71 per share on revenue of $3.94 billion. 
• Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) is estimated to report quarterly earnings at $1.34 per share on revenue of $1.20 billion. 
• Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) is estimated to report quarterly earnings at $0.88 per share on revenue of $4.32 billion. 
• High Tide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HITI#NASDAQ">HITI</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $99.08 million. 
• Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is expected to report quarterly earnings at $3.12 per share on revenue of $68.86 billion. 
• Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) is expected to report quarterly earnings at $0.15 per share on revenue of $994.31 million. 
• Methanex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEOH#NASDAQ">MEOH</a>) is expected to report quarterly earnings at $1.07 per share on revenue of $994.61 million. 
• Annaly Capital Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLY#NYSE">NLY</a>) is projected to report quarterly earnings at $0.66 per share on revenue of $1.26 billion. 
• Hawkins (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWKN#NASDAQ">HWKN</a>) is expected to report quarterly earnings at $0.92 per share on revenue of $219.22 million. 
• Levi Strauss (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $1.73 billion. 
• Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) is likely to report quarterly earnings at $9.19 per share on revenue of $4.47 billion. 
• Ethan Allen Interiors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETD#NYSE">ETD</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $160.60 million. 
• Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) is estimated to report quarterly earnings at $2.01 per share on revenue of $1.27 billion. 
• ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) is projected to report quarterly earnings at $3.65 per share on revenue of $2.96 billion. 
• SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) is likely to report quarterly earnings at $1.20 per share on revenue of $555.43 million. 
• Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is expected to report quarterly earnings at $1.05 per share on revenue of $346.15 million. 
• Celestica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) is likely to report quarterly earnings at $1.04 per share on revenue of $2.51 billion. 
• Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is projected to report quarterly earnings at $6.73 per share on revenue of $46.98 billion. 
• Raymond James Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) is expected to report quarterly earnings at $2.66 per share on revenue of $3.47 billion. 
• National Fuel Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFG#NYSE">NFG</a>) is estimated to report quarterly earnings at $1.53 per share on revenue of $615.17 million. 
• MaxLinear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MXL#NASDAQ">MXL</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $90.00 million. 
• Brookline Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKL#NASDAQ">BRKL</a>) is likely to report quarterly earnings at $0.24 per share on revenue of $90.68 million. 
• Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) is estimated to report quarterly earnings at $1.27 per share on revenue of $3.96 billion. 
• IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) is likely to report quarterly earnings at $3.79 per share on revenue of $17.60 billion. 
• Bridgewater Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWB#NASDAQ">BWB</a>) is expected to report quarterly earnings at $0.24 per share on revenue of $27.65 million. 
• Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) is estimated to report quarterly earnings at $2.53 per share on revenue of $1.33 billion. 
• C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $4.43 billion. 
• Core Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLB#NYSE">CLB</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $133.59 million. 
• Calix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) is expected to report quarterly earnings at $0.07 per share on revenue of $203.91 million. 
• Cimpress (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPR#NASDAQ">CMPR</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $968.96 million. 
• Century Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCS#NYSE">CCS</a>) is projected to report quarterly earnings at $3.18 per share on revenue of $1.28 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For January 29, 2025

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) broke new ground in 2024 with the launch of its <a href="https://www.benzinga.com/crypto">spot exchange-traded products</a> (ETPs). According to JPMorgan analyst Kenneth B. Worthington, the impact was game-changing. From institutional adoption to market expansion, crypto's TradFi marriage reshaped the financial landscape—and a few key players reaped the rewards.
<h2 class="wp-block-heading">The Crypto Market's Big Leap</h2>
The total market cap for cryptocurrencies nearly doubled in 2024, driven in part by ETPs boosting accessibility and lending legitimacy to digital assets. Worthington notes that hedge funds, pension managers, and wealth advisors flocked to Bitcoin ETPs, propelling market confidence. With ~$36 billion in net new assets flowing into Bitcoin ETPs in just a year, BlackRock's IBIT led the charge, raking in ~$38 billion in net sales.
Grayscale had a rockier ride, shedding $22 billion after converting its Bitcoin Trust into an ETP. Despite the rough patch, its new retail-friendly BTC vehicle attracted ~$900 million.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935031/massive-903-million-bitcoin-transfer-stirs-crypto-market-whats-happening">Massive $903 Million Bitcoin Transfer Stirs Crypto Market: What&#8217;s Happening?</a>
<h2 class="wp-block-heading">Who Won Big?</h2>
BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), and Virtu Financial Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) emerged as the clear winners. 
BlackRock saw an estimated ~$54 million revenue boost, while Coinbase thrived as a custodian and trading partner, riding high on increased token volumes. Virtu capitalized on its role as a market maker across all 11 Bitcoin ETPs.
<h2 class="wp-block-heading">Looking Ahead: Regulatory Roulette</h2>
The future of crypto ETPs hinges on regulatory dynamics in 2025. While new products featuring tokens like Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and Ripple (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) await SEC approval, Worthington warns investor demand may be tepid. The next wave might be more about refining crypto infrastructure than introducing new assets.
Bitcoin ETPs may have lit up 2024, but only time will tell how long this blaze will burn.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935597/mark-cuban-advocates-bitcoin-over-gold-during-economic-turmoil-i-think-it-has-more-value-than-gold">Mark Cuban Advocates Bitcoin Over Gold During Economic Turmoil: &#8216;I Think It Has More Value Than Gold&#8217;</a></li>
</ul>
Photo: Shutterstock

Bitcoin's 2024 Revolution: ETPs Double Crypto Market Cap, Big Winners Emerge

BofA Securities analyst Craig Siegenthaler forecasts the major earnings beats for brokers this earnings season, <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">steered by accelerating retail engagement.</a>
Siegenthaler also sees broad-based beats for traditional firms, supported by strong markets, foreign exchange, and higher management fees and non-operating income.
Here are a few of the most considerable companies, along with the analyst&#8217;s insights on them:
Virtu Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>): The analyst reiterated a Buy rating on the stock,<a target="_blank" href="https://www.benzinga.com/quote/VIRT/analyst-ratings" rel="noreferrer noopener"> lowering the price forecast to $51 from $52.</a>
The analyst revised their EPS estimates for the fourth quarter of 2024, FY25, and FY26 to $0.94, $3.58, and $3.71, respectively, from previous estimates of $0.88, $3.65, and $3.78.
The increase in the fourth quarter estimate is attributed to a surge in retail activity driven by the U.S. election and strong market returns since August, with several retail brokerages reaching multi-year volume records. However, the revisions were offset by a reduction in the company&#8217;s market share and capture, as intra-quarter disclosures indicated a significant drop in market share sequentially.
Additionally, the volatility environment is expected to reduce revenue per share. The analyst writes that once retail activity slows down, market share and monetization challenges could become a bigger issue for the stock.
Also Read:<a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/25/01/42881085/is-labor-market-cooling-or-raising-fed-concerns-what-to-watch-in-fridays-jobs-report" rel="noreferrer noopener"> Is Labor Market Cooling Or Raising Fed Concerns? What To Watch In Friday&#8217;s Jobs Report</a>
Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>): The analyst reiterated the Buy rating on the stock, <a target="_blank" href="https://www.benzinga.com/quote/HOOD/analyst-ratings" rel="noreferrer noopener">raising the price forecast to $55 from $53. </a>Siegenthaler notes that both Robinhood and Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) have benefited from the recent crypto bull market, with the total cryptocurrency market cap surpassing its 2021 high due to election results, hopes for a transparent regulatory framework, and a more dovish environment.
While acknowledging the high valuations in the space, the analyst remains bullish, citing accelerating earnings potential driven by factors such as a bullish market beta, increases in nominal client cash balances, higher demand for borrowing and capital markets activity, and higher-for-longer rates that limit NIM compression.
The analyst raised their HOOD adjusted EPS estimates for 4Q24, 2026, and 2027 to $0.42, $1.41, and $1.82, respectively, from $0.22, $1.35, and $1.75, due to higher client activity, especially in crypto volumes.
BlackRock, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>): The analyst reiterated the Buy rating on the stock,<a target="_blank" href="https://www.benzinga.com/quote/BLK/analyst-ratings" rel="noreferrer noopener"> raising the price forecast to $1,237 from $1,227.</a>
The analyst estimates BlackRock&#8217;s long-term organic growth to be 5% in 2024, up from 3% in 2023.
Siegenthaler sees a re-acceleration in 2025, primarily driven by BlackRock&#8217;s leading bond ETF business, anticipating passive investments will capture 60-70% of the fixed income rebalancing wave.
Additionally, the analyst sees potential upside to the 4Q24 consensus EPS due to positive beta from management fees and increased performance fees, although from lower-quality items.
The analyst raised their 4Q24/2025/2026 EPS estimates to $11.76/$47.70/$54.18, up from $11.32/$47.27/$53.73, mainly due to positive market conditions (beta) and foreign exchange (FX) factors.
Price Action: VIRT shares are trading higher by 1.64% to $36.77 at last check Wednesday. HOOD shares are trading lower by 0.09% to $40.53, and BLK shares are trading higher by 0.23% to $983.03.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42878896/dollar-jumps-to-14-month-highs-30-year-yields-near-danger-zone-as-trump-mulls-national-economic-emergency-to-set-tariffs" target="_blank" rel="noreferrer noopener">Dollar Hits 14-Month High, 30-Year Yields Near Critical Threshold As Trump Reportedly Mulls Economic Emergency Tariffs</a></li>
</ul>
Image via Shutterstock.

Piper Sandler analyst Patrick Moley maintains Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) with a Overweight and raises the price target from $35 to $40.

Piper Sandler Maintains Overweight on Virtu Finl, Raises Price Target to $40

<a href="https://x.com/pulte/status/1870124107796263045" title="https://x.com/pulte/status/1870124107796263045">https://x.com/pulte/status/1870124107796263045</a>

Pulte Family Office On X Says "we are most compelled to support one prospective buyer for Virtu Financial: Apollo Global Management and we are prepared to commit up to $100 million in their potential take-private."

<a href="https://x.com/pulte/status/1869118593675432444" title="https://x.com/pulte/status/1869118593675432444">https://x.com/pulte/status/1869118593675432444</a>

Bill Pulte Posts On X 'Virtu should be worth at least 20% more upon a sale.'

WIIM

Virtu Financial shares are trading higher after the Pulte Family Office called on the company to sell itself to either a third-party private equity firm or another public company.

<a href="https://x.com/pulte/status/1869115643334934880" title="https://x.com/pulte/status/1869115643334934880">https://x.com/pulte/status/1869115643334934880</a>

The Pulte Family Office Calls Upon Virtu Financial To Sell Itself To Either A Third-Party PE Firm Or To Another Public Company

U.S. financial stocks are enjoying a banner year in 2024, with the sector posting the strongest yearly return in nearly three decades, fueled by the spectacular resilience of the American economy and soaring investor optimism for deregulation following Donald <a href="https://www.benzinga.com/topic/donald-trump">Trump</a><a href="https://www.benzinga.com/topic/donald-trump">'s November election victory.</a>
The iShares U.S. Financial ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYF#NYSE">IYF</a>) has skyrocketed 34% year-to-date, representing the fund's best annual performance since its launch in 2001.
Similarly, other financial-focused ETFs have seen strong gains. The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) surged 31.7%, its strongest rally since 2013, while the Vanguard Financials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFH#NYSE">VFH</a>) climbed 32.4%.
<h3 class="wp-block-heading">Chart: A Year To Remember For Financial Stocks</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="475" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-1024x475.png" alt="" class="wp-image-694668" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-1024x475.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-768x356.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-1536x713.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">The Financial Sector&#8217;s Biggest Winners In 2024</h3>
This year has produced standout performances from a range of individual financial stocks. Below is a list of the 10 best-performing financial equities of 2024 within the IYF ETF:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Price Chg. % (YTD)</td>
</tr>
<tr>
<td>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</td>
<td>242.28%</td>
</tr>
<tr>
<td>Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>)</td>
<td>118.22%</td>
</tr>
<tr>
<td>Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>)</td>
<td>102.81%</td>
</tr>
<tr>
<td>Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>)</td>
<td>91.31%</td>
</tr>
<tr>
<td>KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>)</td>
<td>88.71%</td>
</tr>
<tr>
<td>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>81.72%</td>
</tr>
<tr>
<td>Virtu Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>)</td>
<td>80.90%</td>
</tr>
<tr>
<td>Evercore Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVR#NYSE">EVR</a>)</td>
<td>74.57%</td>
</tr>
<tr>
<td>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)</td>
<td>68.99%</td>
</tr>
<tr>
<td>Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) </td>
<td>66.88%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data as of Dec. 16, 2024</figcaption></figure>
<h3 class="wp-block-heading">Why Financial Stocks Soared In 2024</h3>
The 2024 rally in financial stocks has been driven by a potent cocktail of strong economic growth, declining interest rates, and deregulation optimism.
The U.S. economy demonstrated remarkable resilience, with economic growth accelerating from 1.6% in the first quarter to 3% in the second quarter, and maintaining a solid 2.8% in the third quarter. 
Survey data for December further underscored this momentum, showing <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42511277/us-services-sector-booms-at-fastest-pace-since-october-2021-business-activity-leaps-to-over-two-year-highs">private-sector activity expanding at its fastest pace since April 2022</a>, with particularly strong growth in the services sector—the backbone of the financial economy.
Bank of America&#8217;s global economics team recently summarized the sentiment, stating, &#8220;Pro-growth policies like deregulation of financial services and energy, as well as lower taxes, are boosting market sentiment and asset prices.&#8221;
One of the most critical tailwinds was the de-inversion of the U.S. yield curve. The Federal Reserve's decision to ease interest rates, coupled with steady economic growth and resilient inflation, flipped the gap between short- and long-term Treasury yields. This dynamic allowed banks to borrow cheaply via short-term funding and lend at higher, long-term rates—improving net interest margins and boosting profitability.
Mortgage rates, for example, remain high because they are linked to longer-dated Treasury yields, even as interest rates have declined. 
"Economic growth data has been coming in generally better than expected lately, which has helped push Treasury yields higher, while at the same time pricing out the need for an aggressive rate-cutting campaign by the Fed," LPL Financial said in a recent note.
<h3 class="wp-block-heading">What's Next for Financial Stocks In 2025?</h3>
Heading into 2025, Wall Street sees more tailwinds for the financial sector, particularly from deregulation. "We expect a broad deregulatory push benefiting energy and financial services," Bank of America said. The firm also noted that deregulation in the banking system could ease credit constraints while stabilizing the financial system, especially given the rapid rise of private lending, which remains largely unregulated.
According to Goldman Sachs analyst Richard Ramsden, large-cap banks remain optimistic about the economy. "Healthy consumer spending trends and strong corporate balance sheets have supported a constructive outlook," Ramsden said in a recent note.
However, regional banks remain cautious about loan growth, with many pointing to a potential rebound in early-to-mid 2025. While client sentiment has improved post-election, this optimism hasn't yet translated into higher lending activity.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42468190/defense-stocks-face-headwinds-as-trumps-doge-targets-spending-cuts-goldman-sachs-downgrades-general-dynamics-to-sell">Defense Stocks Face Headwinds As Trump&#8217;s DOGE Targets Spending Cuts: Goldman Sachs Downgrades General Dynamics</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Large Cap

Sector ETFs

Econ #s

IBKR

iShares Dow Jones US Financial Sector Index Fund

SOFI

Select Sector SPDR-Consumer Discretionary

Financial Stocks Near Record Year: Could Trump Deregulation Fuel Bigger Gains In 2025?

Piper Sandler analyst Patrick Moley reiterates Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) with a Overweight and maintains $35 price target.

Piper Sandler Reiterates Overweight on Virtu Finl, Maintains $35 Price Target

Virtu Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> trading lower on Thursday.</a>
The company reported third-quarter adjusted earnings per share of 82 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41512656/virtu-announces-third-quarter-2024-results" rel="noreferrer noopener">beating the analyst consensus estimate of 79 cents</a>. Quarterly revenues&nbsp;increased to $706.84 million, up 12.2% from the prior year.
Trading income, net, surged 40.5% to $444.0 million for the quarter, up from $316.1 million in the same period last year.
Adjusted net trading income rose 30.2% to $388.03 million this quarter, up from $298.0 million in the same period last year and above the consensus of $376.04 million.
Adjusted EBITDA increased 54% to $214.8 million for this quarter, with a corresponding margin&nbsp;of&nbsp;55.4%.
As of September 30, Virtu had $738.2 million in cash and equivalents and total long-term debt outstanding in an aggregate principal amount of $1.769 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41515619/delivery-giant-ups-breaks-revenue-miss-streak-after-10-quarters-stock-soars" rel="noreferrer noopener">Delivery Giant UPS Breaks Revenue-Miss Streak After 10 Quarters, Stock Soars</a>
Since the program&#8217;s inception in November 2020 through the settlement date of October 22, the company has repurchased approximately 49.2 million shares of Class A Common Stock and Virtu Financial Units for about $1.240 billion.
The company has approximately $479.3 million remaining for future purchases under the program.
Dividend: The company declared a quarterly cash dividend of 24 cents per share. This dividend is payable on December&nbsp;15, to shareholders of record as of December&nbsp;1.
Price Action: VIRT shares are trading lower by 6.18% to $30.35&nbsp;at last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41516441/southwest-airlines-beats-q3-street-expectations-secures-agreement-with-elliott-management-driven-bo" target="_blank" rel="noreferrer noopener">Southwest Airlines Beats Q3 Street Expectations, Secures Agreement With Elliott Management-Driven Board Overhaul</a></li>
</ul>

Guidance

Movers

Virtu Financial Q3: Earnings Beat, Revenue Surge, Dividend Payout & More

Virtu Financial shares are trading lower. The company reported Q3 financial results.

Virtu Q3 Total Revenues $706.8M

Virtu Finl Q3 2024 EPS $0.64, Normalized Adj. EPS $0.82

In the last three months, 8 analysts have published ratings on Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>), offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $31.88, along with a high estimate of $37.00 and a low estimate of $25.00. Observing a 15.42% increase, the current average has risen from the previous average price target of $27.62. 
<img src="https://www.benzinga.com/files/images/story/2024/1729188036_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The analysis of recent analyst actions sheds light on the perception of Virtu Finl by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$25.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Christopher Allen</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$37.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Patrick Moley</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$35.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Craig Siegenthaler</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$35.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$29.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Patrick Moley</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$31.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Craig Siegenthaler</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$37.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$26.00</td>
<td>$22.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Virtu Finl. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Virtu Finl compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Virtu Finl's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Virtu Finl's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/VIRT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Virtu Finl analyst ratings.</a>
<h2>Delving into Virtu Finl's Background</h2>
Virtu Financial Inc is a technology-enabled market maker and liquidity provider to the financial markets. The company's operating segment includes Market Making; and Execution Services. The non-operating segment of the company includes the Corporate segment. The company generates maximum revenue from the market-making segment. The Market Making segment principally consists of market-making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of its revenue from the United States and also has a presence in Ireland and Other Countries.
<h3>A Deep Dive into Virtu Finl's Financials</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Positive Revenue Trend: Examining Virtu Finl's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 36.72% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Virtu Finl's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 9.07%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Virtu Finl's ROE stands out, surpassing industry averages. With an impressive ROE of 5.14%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Virtu Finl's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.47%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Virtu Finl's debt-to-equity ratio surpasses industry norms, standing at 4.87. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Significance of Analyst Ratings Explained</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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