Virtus Investment Partners (VRTS) to Release Quarterly Earnings on Friday

Virtus Investment Partners (NASDAQ:VRTS) is expected to announce its earnings results before the market opens on Friday, April 25th. Analysts expect Virtus Investment Partners to post earnings of $5.68 per share and revenue of $201.99 million for the quarter.

Virtus Investment Partners Price Performance

VRTS opened at $153.90 on Thursday. The firm has a 50-day moving average price of $169.90 and a 200-day moving average price of $203.37. Virtus Investment Partners has a twelve month low of $142.18 and a twelve month high of $252.82. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.11 and a beta of 1.36.

Virtus Investment Partners Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $9.00 dividend on an annualized basis and a yield of 5.85%. Virtus Investment Partners’s dividend payout ratio is 53.25%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VRTS. TD Cowen cut their price target on Virtus Investment Partners from $220.00 to $158.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Morgan Stanley reduced their price objective on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. StockNews.com upgraded shares of Virtus Investment Partners from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. Piper Sandler lowered their target price on Virtus Investment Partners from $216.00 to $211.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, Barclays cut their target price on shares of Virtus Investment Partners from $200.00 to $149.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Virtus Investment Partners presently has an average rating of “Hold” and a consensus target price of $179.00.

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.