Virtus Investment Partners Inc reports results for the quarter ended in September 30 - Earnings Summary

Virtus Investment Partners

27/10/2024 15:41

* Virtus Investment Partners Inc  VRTS.N  reported quarterly
adjusted earnings of $6.92​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of $6.21.  The mean expectation of
four analysts for the quarter was for earnings of $6.80 per
share. Wall Street expected results to range from $6.77 
to $6.84 per share.
    * Revenue rose 3.9% to $205.13 million from a year ago;
analysts
expected $208.14 million. 
    * Virtus Investment Partners Inc's reported EPS for the
quarter
was $5.71​.
    * The company reported quarterly net income of $40.98
million.
    * Virtus Investment Partners Inc shares had risen by 1.7%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 2 "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 225.00 
This summary was machine generated from LSEG data October 27 at
03:41 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
 Sep. 30 2024      6.80           6.92           Beat
 Jun. 30 2024      6.61           6.53           Missed
 Mar. 31 2024      5.41           5.41           Met
 Dec. 31 2023      5.96           6.11           Beat