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

Virtus Investment Partners (NASDAQ:VRTS) is anticipated to announce its earnings results before the market opens on Friday, April 25th. Analysts expect the company to announce earnings of $5.68 per share and revenue of $201.99 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Virtus Investment Partners Price Performance

Shares of Virtus Investment Partners stock opened at $149.03 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The business has a 50 day simple moving average of $172.89 and a two-hundred day simple moving average of $205.01. The stock has a market capitalization of $1.03 billion, a P/E ratio of 8.82 and a beta of 1.36. Virtus Investment Partners has a 12 month low of $144.13 and a 12 month high of $252.82.

Virtus Investment Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 6.04%. The ex-dividend date is Wednesday, April 30th. Virtus Investment Partners’s dividend payout ratio is currently 53.25%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VRTS. TD Cowen reduced their target price on shares of Virtus Investment Partners from $220.00 to $158.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Barclays dropped their price objective on shares of Virtus Investment Partners from $200.00 to $149.00 and set an “underweight” rating for the company in a research note on Wednesday. Piper Sandler decreased their target price on shares of Virtus Investment Partners from $216.00 to $211.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, Morgan Stanley cut their price target on Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $179.00.

Virtus Investment Partners Company Profile

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.