Equities research analysts expect that Virtus Investment Partners, Inc. (NASDAQ:VRTS – Get Rating) will report earnings per share of $7.79 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Virtus Investment Partners’ earnings, with the lowest EPS estimate coming in at $7.68 and the highest estimate coming in at $7.89. Virtus Investment Partners reported earnings of $6.78 per share in the same quarter last year, which suggests a positive year over year growth rate of 14.9%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Virtus Investment Partners will report full year earnings of $34.07 per share for the current financial year, with EPS estimates ranging from $33.52 to $34.62. For the next financial year, analysts expect that the company will post earnings of $35.63 per share, with EPS estimates ranging from $33.74 to $37.51. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Virtus Investment Partners.
Virtus Investment Partners (NASDAQ:VRTS – Get Rating) last posted its quarterly earnings results on Friday, February 4th. The closed-end fund reported $10.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.93 by $0.43. The firm had revenue of $232.60 million for the quarter, compared to analysts’ expectations of $228.57 million. Virtus Investment Partners had a return on equity of 36.02% and a net margin of 21.25%. During the same period in the prior year, the business earned $5.15 EPS.
In related news, Director W Howard Morris purchased 435 shares of the stock in a transaction that occurred on Thursday, March 17th. The stock was acquired at an average cost of $231.00 per share, with a total value of $100,485.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 5.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRTS. Nisa Investment Advisors LLC purchased a new stake in shares of Virtus Investment Partners during the 4th quarter valued at $92,000. O Shaughnessy Asset Management LLC increased its position in shares of Virtus Investment Partners by 453.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 404 shares of the closed-end fund’s stock valued at $126,000 after purchasing an additional 331 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Virtus Investment Partners during the 3rd quarter valued at $204,000. 6 Meridian purchased a new stake in shares of Virtus Investment Partners during the 3rd quarter valued at $206,000. Finally, Alterna Wealth Management Inc. purchased a new stake in shares of Virtus Investment Partners during the 4th quarter valued at $206,000. 84.05% of the stock is owned by institutional investors and hedge funds.
Virtus Investment Partners stock opened at $198.89 on Tuesday. The company has a market cap of $1.49 billion, a PE ratio of 7.63 and a beta of 1.56. Virtus Investment Partners has a 52-week low of $197.31 and a 52-week high of $338.80. The stock’s 50 day simple moving average is $239.84.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 13th. Investors of record on Friday, April 29th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Thursday, April 28th. Virtus Investment Partners’s dividend payout ratio is currently 23.03%.
Virtus Investment Partners Company Profile (Get Rating)
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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