Virtus Investment Partners Inc reports results for the quarter ended in June - Earnings Summary

Virtus Investment Partners

29/07/2022 14:32

* Virtus Investment Partners Inc  VRTS.OQ  reported
quarterly
adjusted earnings of $6.86​​ per share for the quarter ended in
June. The mean expectation of two analysts for the quarter was
for earnings of $7.06 per share.
    * Revenue rose 7.1% to $225.31 million from a year ago;
analysts
expected $199.98 million. 
    * Virtus Investment Partners Inc's reported EPS for the
quarter
was $2.29​.
    * The mean earnings estimate of analysts had fallen by
about 17.5%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Virtus Investment Partners Inc shares had risen by 18.3%
this
quarter and lost 31.9% so far this year.
    * The company reported quarterly net income of $17.4
million.
    * Wall Street's median 12-month price target for Virtus
Investment
Partners Inc is $213.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 29
at 01:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      7.06           6.86           Missed
 Mar. 31 2022      7.91           7.87           Missed
 Dec. 31 2021      9.93           10.36          Beat
 Sep. 30 2021      9.61           9.71           Beat