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

Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) will be announcing its earnings results before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $6.76 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Virtus Investment Partners (NASDAQ:VRTS - Get Free Report) last issued its earnings results on Friday, July 26th. The closed-end fund reported $6.53 earnings per share for the quarter, missing the consensus estimate of $6.61 by ($0.08). Virtus Investment Partners had a net margin of 12.41% and a return on equity of 20.35%. The business had revenue of $203.02 million for the quarter, compared to analyst estimates of $204.71 million. On average, analysts expect Virtus Investment Partners to post $26 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Virtus Investment Partners Price Performance

Shares of Virtus Investment Partners stock traded up $0.50 during trading on Friday, hitting $224.15. 23,619 shares of the company's stock traded hands, compared to its average volume of 44,323. The company has a debt-to-equity ratio of 0.28, a current ratio of 15.18 and a quick ratio of 15.18. The firm's fifty day moving average price is $206.56 and its 200 day moving average price is $219.93. Virtus Investment Partners has a twelve month low of $168.78 and a twelve month high of $263.39. The company has a market cap of $1.59 billion, a PE ratio of 14.98 and a beta of 1.46.

Virtus Investment Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st will be given a $2.25 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Virtus Investment Partners's previous quarterly dividend of $1.90. This represents a $9.00 dividend on an annualized basis and a yield of 4.02%. Virtus Investment Partners's payout ratio is 50.90%.

Analyst Ratings Changes

A number of research firms have commented on VRTS. Barclays began coverage on shares of Virtus Investment Partners in a research report on Tuesday, August 27th. They issued an "underweight" rating and a $206.00 price target on the stock. TD Cowen reduced their price target on shares of Virtus Investment Partners from $250.00 to $247.00 and set a "hold" rating on the stock in a research report on Monday, July 8th. Morgan Stanley boosted their price target on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the company an "underweight" rating in a research report on Friday. Finally, Piper Sandler reduced their price target on shares of Virtus Investment Partners from $267.00 to $264.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $233.50.

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.