Picture of Virtus Investment Partners logo

VRTS — Virtus Investment Partners News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsBalancedMid CapValue Trap

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

Virtus Investment Partners Inc VRTS.N reported quarterly adjusted earnings of $6.25​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $6.53.  The mean expectation of four analysts for the quarter was for earnings of $6.21 per share. Wall Street expected results to range from $6.16  to $6.27 per share.

Revenue fell 5.9% to $191.00 million from a year ago; analysts expected $193.20 million.

Virtus Investment Partners Inc shares had risen by 17.8% this quarter and lost 3.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 0.5% in the last three months.​

In the last 30 days, two analysts negatively revised 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  "buy."

Wall Street's median 12-month price target for Virtus Investment Partners Inc is $180.00, about 18.7% below its last closing price of $213.65

This summary was machine generated from LSEG data July 25 at 01:32 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20256.216.25Beat
Mar. 31 20255.415.73Beat
Dec. 31 20247.437.50Beat
Sep. 30 20246.806.92Beat

Recent news on Virtus Investment Partners

See all news