Virtu Financial Q4 Earnings Beat Estimates on Strong Market Making
ZACKS· 2025-01-29 18:46
Earnings Performance - Virtu Financial reported Q4 2024 adjusted EPS of $1.14, surpassing the Zacks Consensus Estimate by 32.6% and showing a more than four-fold increase year over year [1] - Adjusted net trading income rose over 75% year over year to $457.7 million, beating the consensus estimate by 14.7% [2] - Adjusted EBITDA surged to $283.5 million from $99 million a year ago, exceeding the model estimate of $175.8 million, with an adjusted EBITDA margin of 57.5%, up 2,400 basis points year over year [4] Revenue Breakdown - Revenues from commissions, net and technology services increased 22.8% year over year to $140.5 million, surpassing the consensus estimate of $127.4 million [3] - Interest and dividend income fell to $123.8 million from $154.7 million a year ago, missing the consensus estimate of $146 million [3] Segment Performance - Market Making segment's adjusted net trading income grew 107.7% year over year to $347.9 million, exceeding the estimate of $236.9 million, while revenues rose 67.5% to $706.5 million, surpassing the consensus estimate of $502.6 million [6] - Execution Services segment's adjusted net trading income increased 17.6% year over year to $109.8 million, beating the estimate of $101.5 million, with total revenues growing 28.3% to $136.7 million, surpassing the consensus estimate of $127.4 million [7] Financial Position - Cash and cash equivalents stood at $872.5 million at the end of Q4 2024, up from $820.4 million at the end of 2023 [8] - Total assets increased to $15.3 billion from $14.5 billion at the end of 2023, while total equity rose to $1.49 billion from $1.41 billion [8] - Long-term borrowings, net, increased marginally to $1.74 billion from $1.73 billion at the end of 2023, and short-term borrowings totaled $38.5 million [8] Share Repurchase and Dividend - Virtu Financial repurchased 1.7 million shares worth $57.1 million in Q4 2024, with $423.8 million remaining under its buyback authorization [9] - The company announced a cash dividend of 24 cents per share, payable on March 17, 2024, to shareholders of record as of Feb. 28 [10] Industry Comparison - Discover Financial reported Q4 2024 adjusted EPS of $5.11, beating the consensus estimate of $3.17, with revenues net of interest expenses rising 13.9% year over year to $4.8 billion [13] - American Express reported Q4 2024 EPS of $3.04, slightly beating the consensus estimate, with total revenues net of interest expense increasing 8.7% year over year to $17.2 billion [14] - Synchrony Financial reported Q4 2024 adjusted EPS of $1.91, slightly beating the consensus estimate of $1.90, with net interest income rising 2.7% year over year to $4.6 billion [15]
Looking for a Growth Stock? 3 Reasons Why DoubleVerify (DV) is a Solid Choice
ZACKS· 2025-01-29 18:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style ...
3 Reasons Why Growth Investors Shouldn't Overlook Greenbrier (GBX)
ZACKS· 2025-01-29 18:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyon ...
Here is Why Growth Investors Should Buy Autoliv (ALV) Now
ZACKS· 2025-01-29 18:46
Growth Stocks and Autoliv Analysis - Investors seek growth stocks to capitalize on above-average growth in financials, which can produce exceptional returns but carry above-average risk [1] - The Zacks Growth Style Score helps identify cutting-edge growth stocks by analyzing a company's real growth prospects beyond traditional attributes [2] - Stocks with the best growth features consistently outperform the market, especially those with a Growth Score of A or B and a Zacks Rank 1 or 2 [3] Earnings Growth - Earnings growth is crucial for investors, with double-digit growth indicating strong prospects and potential stock price gains [4] - Autoliv's historical EPS growth rate is 18.3%, but the projected growth for this year is 22.7%, significantly higher than the industry average of 17.7% [5] Cash Flow Growth - High cash flow growth is essential for growth-oriented companies, enabling them to undertake new projects without raising expensive outside funds [6] - Autoliv's year-over-year cash flow growth is 43.9%, far exceeding the industry average of -1.3% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 1.6%, compared to the industry average of 1.3% [7] Earnings Estimate Revisions - Positive trends in earnings estimate revisions are favorable and strongly correlated with near-term stock price movements [8] - Autoliv has seen upward revisions in current-year earnings estimates, with the Zacks Consensus Estimate surging 0.2% over the past month [9] Conclusion - Autoliv has earned a Growth Score of B and a Zacks Rank 2 due to positive earnings estimate revisions, positioning it well for outperformance [10][11]
Carrier Named to Fortune's World's Most Admired Companies 2025 List for Fourth Consecutive Year
Prnewswire· 2025-01-29 18:45
Company Recognition - Carrier Global Corporation has been named to Fortune's 2025 list of the World's Most Admired Companies for the fourth consecutive year [1] - The recognition is based on surveys of executives, directors, and analysts evaluating companies on nine criteria, including investment value, quality of management and products, social responsibility, and ability to attract talent [1] Leadership and Workforce - Carrier's Chairman & CEO David Gitlin attributes the recognition to the passion and innovation of the company's 50,000 employees [2] - The company emphasizes its commitment to delivering for customers, creating value for shareowners, and building a workplace that champions employee growth and contributions [2] Company Overview - Carrier Global Corporation is a global leader in intelligent climate and energy solutions [3] - The company is committed to creating solutions that matter for people and the planet, with a focus on inventing new technologies and industries [3] - Carrier's world-class, diverse workforce places the customer at the center of everything they do [3]
US Bancorp Names President Gunjan Kedia to CEO Post
PYMNTS.com· 2025-01-29 18:41
U.S. Bancorp has chosen its new CEO from within its ranks.Gunjan Kedia, the Minneapolis-based lender’s president, will become its new chief executive following its April 15 shareholders meeting, U.S. Bancorp announced Wednesday (Jan. 29).Kedia has also been elected to the U.S. Bancorp board, with current CEO Andy Cecere serving as executive chairman.“One of the hallmarks of U.S. Bancorp is its thorough and measured approach to succession planning. The company’s bench is deep, and the talent to grow and prom ...
F5 hails record quarter thanks to 'hybrid multicloud and AI' trends
Proactiveinvestors NA· 2025-01-29 18:39
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Crude Oil Down 1.5%; Teva Pharmaceutical Shares Plummet
Benzinga· 2025-01-29 18:39
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling around 1% on Wednesday.The Dow traded down 0.16% to 44,778.55 while the NASDAQ fell 1% to 19,537.19. The S&P 500 also fell, dropping, 0.54% to 6,034.67.Check This Out: Jim Cramer: This Industrial Stock Is ‘Absolutely Terrific’, First Solar Is ‘Very Inexpensive’Leading and Lagging SectorsConsumer staples shares surged by 0.7% on Wednesday.In trading on Wednesday, information technology shares fell by 1.9%.Top HeadlineU.S. c ...
Can an Expanding Clientele Push OKTA Stock Further in 2025?
ZACKS· 2025-01-29 18:36
Okta (OKTA) shares have appreciated 19.2% in a month, outperforming the broader Zacks Computer & Technology sector’s return of 0.9% and the Zacks Internet Software and Services industry’s appreciation of 13.6%.OKTA’s portfolio strength is noteworthy, with strong demand for new products like Okta identity governance and Okta privileged access amid a challenging macroeconomic environment. An expanding clientele, driven by the strong adoption of its Identity Threat Protection solution, is a key catalyst for gr ...
V.F. Corp Stock Rises as Q3 Earnings & Revenues Top Estimates
ZACKS· 2025-01-29 18:36
V.F. Corporation (VFC) has reported third-quarter fiscal 2025 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. Moreover, the company’s revenues and earnings improved year over year, driven by improvements across its brands. VFC is on track with its Reinvent program and expects to deliver on its cost-saving target.The company reported adjusted earnings per share of 62 cents, an increase from 57 cents in the prior year. The bottom line also surpassed the Zacks Consensus Estimate of ...