Virtus Investment Partners Inc reports results for the quarter ended in September 30 - Earnings Summary

• Virtus Investment Partners Inc VRTS.N reported quarterly adjusted earnings of $6.92​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $6.21. The mean expectation of four analysts for the quarter was for earnings of $6.80 per share. Wall Street expected results to range from $6.77 to $6.84 per share.

• Revenue rose 3.9% to $205.13 million from a year ago; analysts expected $208.14 million.

• Virtus Investment Partners Inc's reported EPS for the quarter was $5.71​.

• The company reported quarterly net income of $40.98 million.

• Virtus Investment Partners Inc shares had risen by 1.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the investment management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for Virtus Investment Partners Inc is 225.00

This summary was machine generated from LSEG data October 27 at 03:41 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)