Virtus Investment Partners Q2 profit misses estimates

Virtus Investment Partners

30/07/2026 12:41

Overview
U.S. asset manager's Q2 adjusted EPS missed analyst expectations
Q2 revenue fell 4% yr/yr; assets under management rose to $152.2 bln from prior quarter
Company repurchased $10 mln in shares during the quarter

Outlook
Company did not provide specific guidance or outlook for future quarters or full yr in the press release

Result Drivers
HIGHER FEE RATE - Co said adjusted revenue rose 1% from prior qtr due to a higher average fee rate, partially offset by lower average assets under management
IMPROVED NET FLOWS - Net flows of ($5.6) bln improved from ($8.4) bln in prior qtr, with positive ETF and wealth management flows partly offsetting outflows in other products
SEASONAL EXPENSE IMPACT - Decrease in operating expenses from prior qtr mainly reflected seasonal employment expense patterns and lower other operating expenses

Company press release: ID:nBw8Nzwkga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$201.40 mln
$184.25 mln (2 Analysts)
Q2 Adjusted EPS
Miss
$5.54
$6.09 (4 Analysts)
Q2 EPS
 
$6.68
 
Q2 Net Income
 
$45.30 mln
 

Analyst Coverage
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 $147.00, about 12.4% below its July 29 closing price of $167.79
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 5 three months ago

Reuters Recommended Reads
July 28 - AllianceBernstein Q2 adjusted EPS misses estimates on equity outflows
July 28 - Invesco Q2 adjusted EPS beats analyst estimates on record inflows
July 30 - Amundi beats estimates with Q2 net inflows, profit jumps 29%

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)