Virtus Investment Partners Third Quarter 2024 Earnings: EPS: US$5.80 (vs US$4.26 in 3Q 2023)

Virtus Investment Partners (NYSE:VRTS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$227.0m (up 3.5% from 3Q 2023).
• Net income: US$41.0m (up 33% from 3Q 2023).
• Profit margin: 18% (up from 14% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: US$5.80 (up from US$4.26 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Virtus Investment Partners Earnings Insights

Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 4.6% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Virtus Investment Partners' balance sheet health.

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