Virtus Investment Partners (VRTS) to Release Earnings on Friday

Virtus Investment Partners (NASDAQ:VRTS) will likely be announcing its earnings results before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $7.62 per share and revenue of $214.02 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Virtus Investment Partners Stock Down 1.7 %

Shares of VRTS stock opened at $208.62 on Thursday. The stock’s 50-day simple moving average is $226.18 and its 200-day simple moving average is $219.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 11.86 and a current ratio of 11.86. The firm has a market capitalization of $1.46 billion, a PE ratio of 12.68 and a beta of 1.48. Virtus Investment Partners has a fifty-two week low of $190.42 and a fifty-two week high of $263.39.

Virtus Investment Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 31st will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Friday, January 31st. Virtus Investment Partners’s dividend payout ratio is presently 54.71%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VRTS shares. Barclays cut their price objective on Virtus Investment Partners from $239.00 to $221.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. StockNews.com lowered Virtus Investment Partners from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Morgan Stanley raised their target price on Virtus Investment Partners from $224.00 to $228.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Finally, Piper Sandler dropped their target price on Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $238.50.

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.