NYSE$VRTS

Virtus Investment Partners Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Virtus Investment Partners reported an increase in revenues, operating income, and earnings per share compared to the same quarter last year, driven by higher asset under management and positive net flows.

Virtus Investment Partners reported strong financial results for Q1 2021, with significant increases in revenues, operating income, and earnings per share. Total AUM reached $168.9 billion, driven by the addition of AllianzGI partnership assets, market appreciation, and positive net flows. The company's adjusted EPS was $6.78, reflecting a 104% increase year-over-year.

  • Earnings per share - diluted reached $4.54, while adjusted earnings per share - diluted stood at $6.78.
  • Total sales amounted to $10.6 billion, with net flows of $2.4 billion.
  • Total assets under management (AUM) increased to $168.9 billion.
  • The company finalized the AllianzGI partnership, adding $29.5 billion in assets.

Headline financials

Total Revenue

$217M

Previous: $145M+50.0%
EPS (adj)

$6.78

Previous: $3.32+104.2%
Total sales

$10.6B

Previous: $7B+51.4%
Net flows

$2.4B

Previous: -$1.3B+284.6%
Operating margin

28.7%

Previous: 17.0%+68.8%
Operating margin, as adjusted

41.6%

Previous: 31.5%+32.1%
Capital Expenditures

-$2.56M

Previous: -$358K-615.1%
Free Cash Flow

$49.7M

Previous: -$4.64M+1169.4%
Net Income

$52.2M

Previous: -$4.29M+1318.5%
Operating Income

$62.1M

Previous: $24.6M+152.6%
Gross Profit

$217M

Previous: $145M+50.0%
Cash & Equivalents

$228M

Previous: $159M+44.0%
Total Assets

$3.7B

Previous: $3.39B+9.1%
Stock-Based Comp

$8M

Previous: $3.62M+120.8%

Revenue & EPS history

Virtus · Revenue · Quarterly

$217M

Q1 2021+50%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Virtus · $133M total across 4 segments · Q2 2020

  • Investment management fees
    $111M
  • Administration and shareholder service fees
    $13.3M
  • Distribution and service fees
    $8.89M
  • Other income and fees
    $166K

Forward guidance

The press release does not contain any forward guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.2%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+1.2%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+20.5%

Q3 2015

Best reaction

-20.5%

Q2 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.9%-1.5%-1.9%
Q4 2025-7.1%-7.4%-11.2%
Q3 2025-6.4%-7.0%-10.8%
Q1 2025-2.3%-2.1%+6.5%
Q4 2024-5.5%-7.7%-11.1%
Q3 2024+5.9%+5.9%+13.7%
Q2 2024-7.9%-8.1%-11.8%
Q1 2024-3.7%-4.7%+0.8%
Q4 2023-2.8%-3.0%-1.3%
Q3 2023+3.6%+7.7%+14.1%
Q2 2023-2.4%-3.6%-4.8%
Q1 2023-1.1%-2.8%+9.1%
Q4 2022-5.9%-5.9%-9.7%
Q3 2022+0.3%-0.0%+12.9%
Q2 2022+1.1%+2.5%-1.6%
Q1 2022-2.2%-0.1%+5.4%
Q4 2021+4.1%+7.8%-12.0%
Q3 2021-6.3%-2.8%-8.3%
Q2 2021+4.3%+5.6%+20.6%
Q1 2021+5.9%+5.2%+7.9%
Q4 2020+4.8%+9.0%+7.3%
Q3 2020+2.5%-5.8%+5.8%
Q2 2020+4.9%+5.0%+5.6%
Q1 2020+15.1%+8.1%+14.4%
Q4 2019+0.3%+6.6%-12.7%
Q3 2019+8.8%+10.2%+17.6%
Q2 2019+4.7%+1.6%-2.0%
Q1 2019+3.0%+1.6%-7.7%
Q4 2018+1.6%+5.5%+15.3%
Q3 2018-2.4%-2.2%-5.0%
Q2 2018+0.5%-1.3%-0.8%
Q1 2018+1.1%+0.7%+9.7%
Q4 2017-3.5%-2.4%-5.5%
Q3 2017-3.6%-5.1%-4.1%
Q2 2017+1.5%-0.8%-8.9%
Q1 2017-4.7%-7.0%-8.0%
Q4 2016-11.1%-12.0%-12.3%
Q3 2016+15.3%+7.4%+24.7%
Q2 2016+3.3%+7.3%+6.7%
Q1 2016+15.5%
Q4 2015-3.6%
Q3 2015+20.5%
Q2 2015+6.0%
Q1 2015-14.1%
Q4 2014-2.6%
Q3 2014+5.7%
Q2 2014+0.1%
Q1 2014+4.0%
Q4 2013-4.0%
Q3 2013+16.1%
Q2 2013+0.8%
Q1 2013+0.1%
Q3 2010+1.8%
Q4 2012+2.2%
Q3 2012-3.1%
Q2 2012+2.4%
Q1 2011+1.2%
Q1 2012+1.9%
Q4 2011-4.3%
Q4 2009-4.3%
Q3 2011+0.5%
Q4 2010-20.5%
Q2 2011-20.5%
Q2 2010-20.5%
Q1 2010-2.1%

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