Virtus Investment Partners (VRTS) Scheduled to Post Quarterly Earnings on Friday

Virtus Investment Partners (NASDAQ:VRTS) is scheduled to announce its earnings results before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $5.44 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Virtus Investment Partners (NASDAQ:VRTS) last posted its quarterly earnings data on Friday, February 2nd. The closed-end fund reported $6.11 earnings per share for the quarter, topping the consensus estimate of $5.96 by $0.15. Virtus Investment Partners had a return on equity of 18.83% and a net margin of 15.45%. The firm had revenue of $214.59 million during the quarter, compared to analyst estimates of $196.20 million. During the same period last year, the company posted $5.17 EPS. On average, analysts expect Virtus Investment Partners to post $27 EPS for the current fiscal year and $29 EPS for the next fiscal year.

Virtus Investment Partners Trading Up 0.9 %

VRTS stock opened at $233.79 on Wednesday. The stock has a 50-day moving average price of $235.81 and a 200-day moving average price of $220.84. Virtus Investment Partners has a 1-year low of $165.00 and a 1-year high of $263.39. The firm has a market cap of $1.68 billion, a PE ratio of 13.20 and a beta of 1.52.

Virtus Investment Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $1.90 dividend. The ex-dividend date is Monday, April 29th. This represents a $7.60 annualized dividend and a dividend yield of 3.25%. Virtus Investment Partners’s dividend payout ratio is presently 42.91%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VRTS shares. StockNews.com downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. TD Cowen downgraded Virtus Investment Partners from a “buy” rating to a “hold” rating and reduced their target price for the company from $285.00 to $264.00 in a research note on Monday, April 8th. Piper Sandler raised their target price on Virtus Investment Partners from $264.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Finally, Morgan Stanley raised their target price on Virtus Investment Partners from $211.00 to $224.00 and gave the company an “underweight” rating in a research note on Wednesday, April 17th.

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.