Virtus Investment Partners (VRTS) to Release Quarterly Earnings on Tuesday

Virtus Investment Partners (NASDAQ:VRTS) is set to announce its earnings results before the market opens on Tuesday, January 23rd.

Virtus Investment Partners (NASDAQ:VRTS) last released its earnings results on Friday, October 27th. The closed-end fund reported $2.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.38 by ($0.08). Virtus Investment Partners had a net margin of 11.64% and a return on equity of 12.75%. The company had revenue of $123.70 million for the quarter, compared to the consensus estimate of $116.85 million. During the same period in the prior year, the company earned $1.64 earnings per share. The firm’s revenue was up 50.3% on a year-over-year basis. On average, analysts expect Virtus Investment Partners to post $8 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Virtus Investment Partners (VRTS) opened at $131.40 on Tuesday. Virtus Investment Partners has a 52-week low of $97.60 and a 52-week high of $132.85. The firm has a market cap of $940.56, a P/E ratio of 24.51, a PEG ratio of 0.33 and a beta of 1.90.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Tuesday, January 30th. Virtus Investment Partners’s dividend payout ratio is currently 33.58%.

A number of research analysts have recently weighed in on VRTS shares. Zacks Investment Research raised shares of Virtus Investment Partners from a “hold” rating to a “strong-buy” rating and set a $133.00 target price for the company in a research report on Thursday, September 28th. Morgan Stanley set a $123.00 target price on shares of Virtus Investment Partners and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Bank of America raised shares of Virtus Investment Partners from an “underperform” rating to a “neutral” rating and increased their target price for the company from $112.00 to $130.00 in a research report on Monday, October 9th. Barclays increased their target price on shares of Virtus Investment Partners from $113.00 to $116.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 10th. Finally, Jefferies Group reissued a “hold” rating and set a $127.00 target price (up from $117.00) on shares of Virtus Investment Partners in a research report on Tuesday, October 10th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $132.13.

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Virtus Investment Partners Company Profile

Virtus Investment Partners, Inc (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts.

Earnings History for Virtus Investment Partners (NASDAQ:VRTS)

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