Virtus Investment Partners (VRTS) Set to Announce Quarterly Earnings on Friday

Virtus Investment Partners (NASDAQ:VRTS) will issue its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $5.44 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, February 2nd. The closed-end fund reported $6.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.96 by $0.15. Virtus Investment Partners had a return on equity of 18.83% and a net margin of 15.45%. The firm had revenue of $214.59 million for the quarter, compared to analyst estimates of $196.20 million. During the same quarter last year, the firm posted $5.17 EPS. On average, analysts expect Virtus Investment Partners to post $27 EPS for the current fiscal year and $29 EPS for the next fiscal year.

Virtus Investment Partners Stock Up 0.7 %

Shares of VRTS stock opened at $234.69 on Thursday. The stock has a 50 day moving average of $235.91 and a 200-day moving average of $221.12. The firm has a market cap of $1.69 billion, a PE ratio of 13.22 and a beta of 1.52. Virtus Investment Partners has a 12 month low of $165.00 and a 12 month high of $263.39.

Virtus Investment Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Monday, April 29th. Virtus Investment Partners’s payout ratio is currently 42.91%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VRTS. Morgan Stanley boosted their price objective on shares of Virtus Investment Partners from $211.00 to $224.00 and gave the stock an “underweight” rating in a report on Wednesday, April 17th. TD Cowen cut Virtus Investment Partners from a “buy” rating to a “hold” rating and cut their price target for the company from $285.00 to $264.00 in a report on Monday, April 8th. StockNews.com downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, Piper Sandler boosted their price objective on Virtus Investment Partners from $264.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th.

Virtus Investment Partners Company Profile

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.