Loading...
•
Dec 31, 2020
Virtus Q4 2020 Earnings Report
Virtus reported increased earnings per share and assets under management, driven by market appreciation and positive net flows.
Key Takeaways
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.
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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...