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

Virtus Investment Partners

26/04/2024 18:21

* Virtus Investment Partners Inc  VRTS.N  reported quarterly
adjusted earnings of $5.41​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of $4.20.  The mean expectation of three analysts
for the quarter was for earnings of $5.41 per share. Wall Street
expected results to range from $5.40  to $5.42 per share.
    * Revenue rose 13.2% to $200.24 million from a year ago;
analysts
expected $204.83 million. 
    * Virtus Investment Partners Inc's reported EPS for the
quarter
was $4.10​.
    * The company reported quarterly net income of $29.86
million.
    * Virtus Investment Partners Inc shares had fallen by 6.9%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for Virtus Investment
Partners Inc is $245.00 
This summary was machine generated from LSEG data April 26 at
05:20 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      5.41           5.41           Met
 Dec. 31 2023      5.96           6.11           Beat
 Sep. 30 2023      6.17           6.21           Beat
 Jun. 30 2023      5.89           5.43           Missed