Virtus Investment Partners, Inc. (NASDAQ:VRTS) is expected to report third quarter earnings results, before market open, on Friday 23rd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 4.32 per share.
Looking ahead, the full year income are expected at $ 15.60 per share on the revenues of $ 522.23 million.
Previous Quarter Performance
Virtus Investment Partners, Inc. disclosed income for the second quarter of $ 1.43 per share, from the revenue of $ 132.89 million, On adjusted basis, VRTS reported income for the quarter of $ 3.24 per share. The quarterly earnings down 56.13 percent while revenues fell 5.41 percent compared with the same quarter last year. Wall street analysts are predicting, VRTS to report 2Q20 income of $ 3.02 per share from revenue of $ 113.92 million. The bottom line results beat street analysts by $ 0.22 or 7.28 percent, at the same time, top line results outshined analysts by $ 18.97 million or 16.65 percent.
Stock Performance
Shares of Virtus Investment Partners, Inc. traded up $ 2.25 or 1.35 percent on Thursday, reaching $ 169.00 with volume of 59.20 thousand shares. Virtus Investment Partners, Inc. has traded high as $ 170.09 and has cracked $ 165.75 on the downward trend
The closing price of $ 169.00, representing a 201.16 % increase from the 52 week low of $ 55.37 and a 1.96 % decrease over the 52 week high of $ 170.09.
The company has a market capital of $ 1.30 billion and is part of the Financial Services sector and Asset Management industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 167.00 target price.
Conference Call
Virtus Investment Partners, Inc. will be hosting a conference call at 10:00 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.virtus.com
Virtus Investment Partners, Inc. is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients.
