Recap: Virtus Investment Partners Q2 Earnings

Shares of Virtus Investment Partners VRTS were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share were down 10.74% year over year to $3.24, which beat the estimate of $2.99.

Revenue of $132,894,000 declined by 5.41% year over year, which beat the estimate of $112,360,000.

Guidance

Virtus Investment hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 24, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/meimac6w

Technicals

Company's 52-week high was at $141.78

52-week low: $55.37

Price action over last quarter: Up 41.32%

Company Overview

Virtus Investment Partners Inc provides investment management and related services to individuals and institutions. Its retail products include open-end mutual funds, closed-end funds, exchange-traded funds, and variable insurance funds. Geographically, the activities are carried out through the region of US and the group generates revenue through investment management fees, distribution and service fees and administration and shareholder service fees.