NYSE$VRTS

Virtus Investment Partners Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Virtus reported increased earnings per share and assets under management, driven by market appreciation and positive net flows.

Virtus Investment Partners reported a strong Q4 2020, with diluted EPS of $5.40 and adjusted diluted EPS of $5.15. The company saw significant increases in total sales, net flows, and assets under management, reflecting growth across various investment products and channels.

  • Diluted earnings per share (EPS) reached $5.40, while adjusted diluted EPS was $5.15.
  • Total sales surged to $8.6 billion, accompanied by net flows of $2.6 billion.
  • Long-term assets under management (AUM) climbed to $130.7 billion, with total AUM reaching $132.2 billion.
  • Operating income increased by 24% to $50.9 million due to higher revenues partially offset by increased operating expenses.

Headline financials

Total Revenue

$172M

Previous: $146M+17.5%
EPS (adj)

$5.15

Previous: $4.32+19.2%
Total sales

$8.6B

Previous: $4.8B+79.2%
Net flows

$2.6B

Previous: $300M+766.7%
Operating margin

29.7%

No prior period
Capital Expenditures

$254K

Previous: $594K-57.2%
Free Cash Flow

$154M

No prior period
Net Income

$61.8M

Previous: $29.8M+107.6%
Operating Income

$50.9M

Previous: $37.8M+34.8%
Gross Profit

$97.9M

Previous: $85.6M+14.3%
Cash & Equivalents

$247M

No prior period
Total Assets

$711M

No prior period
Stock-Based Comp

$5.07M

Previous: $5.85M-13.3%

Revenue & EPS history

Virtus · Revenue · Quarterly

$172M

Q4 2020+17.5%vs Q4 2019
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

Virtus Investment Partners did not provide specific forward guidance in this earnings report. The report focuses on the results of Q4 2020 and recent strategic partnerships.

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 Q4 2020

Historical avgQ4 2020

-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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