NYSE$VRTS

Virtus Investment Partners Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Virtus reported mixed results with increased revenue but decreased net flows and assets under management.

Virtus Investment Partners reported a Q4 2024 GAAP EPS of $4.66 and adjusted EPS of $7.50. Revenue increased by 9% year-over-year to $233.5 million, while net flows were negative at ($4.8) billion. Assets under management decreased sequentially to $175.0 billion.

  • GAAP earnings per share (diluted) was $4.66, while adjusted EPS was $7.50.
  • Total sales amounted to $6.4 billion, but net flows were negative at ($4.8) billion.
  • Assets under management (AUM) ended the quarter at $175.0 billion.
  • Operating income decreased 8% from the prior quarter due to increased operating expenses.

Headline financials

Total Revenue

$233M

Previous: $215M+8.8%
EPS (adj)

$7.50

Previous: $6.11+22.7%
Ending total assets under management

$175B

No prior period
Total sales

$6.4B

Previous: $6.2B+3.2%
Net flows

-$4.8B

Previous: -$3.8B-26.3%
Operating margin

21.7%

Previous: 18.2%+19.2%
Operating margin, as adjusted

35.1%

Previous: 33.0%+6.4%
Weighted average shares outstanding - diluted

7.1K

No prior period
Gross debt

$236M

No prior period
Net debt (cash)

-$29.8M

No prior period
Effective tax rate, GAAP

32.6%

No prior period
Effective tax rate, as adjusted

26.6%

No prior period
Capital Expenditures

-$1.92M

Previous: $2.38M-180.6%
Net Income

$33.3M

Previous: $30.8M+8.0%
Operating Income

$50.7M

Previous: $39M+30.1%

Revenue & EPS history

Virtus · Revenue · Quarterly

$233M

Q4 2024+8.8%vs Q4 2023
Beat estimate in 14 of 15 quarters(93%)
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 specific forward guidance. It generally discusses potential risks and uncertainties that could affect future performance.

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 2024

Historical avgQ4 2024

-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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