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Virtus Investment Partners (VRTS)
NYSE:VRTS
Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
5.86Last Year’s EPS
5.41Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 31, 2025
|% Change Since: -27.61%
|Next Earnings Date:Apr 25, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed performance with significant growth in ETFs and an improved operating margin. However, these were offset by substantial net outflows and a decline in total assets under management. Continued positive momentum in ETFs and dividend increases suggest strategic growth, but challenges remain with institutional redemptions impacting overall results.Company Guidance
In the fourth quarter of fiscal year 2024, Virtus Investment Partners demonstrated strong financial performance despite experiencing net outflows, primarily due to a partial institutional redemption. Key metrics included an operating margin of 35.1%, the highest in two and a half years, and adjusted earnings per share of $7.50, marking an 8% increase from the prior quarter. Total assets under management (AUM) were reported at $175 billion as of December 31, 2024, down from $183.7 billion in the previous quarter, with total sales reaching $6.4 billion. The company introduced new products, notably in ETFs, which saw significant growth, doubling in size over the year to $3.1 billion and generating $0.5 billion in sales in Q4 alone. Additionally, Virtus continued capital returns through share repurchases, settling over 250,000 shares valued at $57 million, and raised the quarterly dividend by 18%.Operating Margin Improvement
Operating margin reached 35.1%, the highest level since Q2 2022, up from 34.4% in the previous quarter.
Earnings Per Share Growth
Adjusted earnings per share increased by 8% from the previous quarter and grew 20% for the full year.
ETF Segment Growth
ETFs doubled in size over the past year to $3.1 billion, generating $0.5 billion in sales in Q4 alone.
Dividend Increase
Quarterly dividend raised by 18%, marking the seventh consecutive annual increase.
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VRTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VRTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 31, 2025 | $208.96 | $199.50 | -4.53% |
| Oct 25, 2024 | $208.58 | $209.35 | +0.37% |
| Jul 26, 2024 | $238.75 | $227.76 | -4.60% |
| Apr 26, 2024 | $222.27 | $219.22 | -1.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Virtus Investment Partners (VRTS) report earnings?
Virtus Investment Partners (VRTS) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is Virtus Investment Partners (VRTS) earnings time?
Virtus Investment Partners (VRTS) earnings time is at Apr 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VRTS EPS forecast?
VRTS EPS forecast for the fiscal quarter 2025 (Q1) is 5.86.
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