Brokerages Expect Virtus Investment Partners Inc (VRTS) Will Announce Earnings of $3.36 Per Share

Equities analysts expect Virtus Investment Partners Inc (NASDAQ:VRTS) to announce $3.36 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Virtus Investment Partners’ earnings, with the highest EPS estimate coming in at $3.47 and the lowest estimate coming in at $3.25. Virtus Investment Partners posted earnings of $2.60 per share during the same quarter last year, which indicates a positive year over year growth rate of 29.2%. The business is expected to announce its next earnings report on Friday, February 1st.

According to Zacks, analysts expect that Virtus Investment Partners will report full-year earnings of $12.56 per share for the current year, with EPS estimates ranging from $12.45 to $12.67. For the next year, analysts anticipate that the business will report earnings of $13.25 per share, with EPS estimates ranging from $13.20 to $13.29. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Virtus Investment Partners.

Virtus Investment Partners (NASDAQ:VRTS) last posted its earnings results on Friday, October 26th. The closed-end fund reported $3.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.34 by $0.30. The company had revenue of $152.20 million during the quarter, compared to analyst estimates of $149.06 million. Virtus Investment Partners had a return on equity of 19.05% and a net margin of 14.55%. The business’s revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.30 earnings per share.



Several research firms have recently commented on VRTS. Bank of America reaffirmed a “neutral” rating and set a $100.00 target price (down from $115.00) on shares of Virtus Investment Partners in a report on Thursday. BidaskClub lowered Virtus Investment Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, December 1st. Morgan Stanley lowered their target price on Virtus Investment Partners from $147.00 to $111.00 and set a “hold” rating for the company in a report on Wednesday, November 14th. Zacks Investment Research lowered Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Barclays lowered their target price on Virtus Investment Partners from $140.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $124.57.

NASDAQ:VRTS opened at $85.43 on Tuesday. The company has a market cap of $652.98 million, a PE ratio of 11.12, a P/E/G ratio of 0.30 and a beta of 1.39. Virtus Investment Partners has a 52 week low of $84.19 and a 52 week high of $138.02.

Hedge funds and other institutional investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Virtus Investment Partners during the second quarter worth approximately $215,000. Aperio Group LLC acquired a new position in shares of Virtus Investment Partners during the second quarter worth approximately $218,000. Capital Fund Management S.A. acquired a new position in shares of Virtus Investment Partners during the third quarter worth approximately $228,000. Crossmark Global Holdings Inc. acquired a new position in shares of Virtus Investment Partners during the second quarter worth approximately $239,000. Finally, SG Americas Securities LLC acquired a new position in shares of Virtus Investment Partners during the second quarter worth approximately $272,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

About Virtus Investment Partners

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.

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