earnings
confidence high
sentiment negative
materiality 0.80
Virtus Q3 EPS $4.25 ($5.76 adjusted); revenue $210.3M, down 17% YoY; AUM $145B
VIRTUS INVESTMENT PARTNERS, INC.
2022-Q3 EPS reported
$10.76
revenue$688,008,000
- Diluted EPS $4.25 (GAAP); adjusted EPS $5.76; revenue $210.3M, down 17% from $252.1M YoY.
- Operating income $44.0M (53% drop YoY); operating margin 20.9% vs 37.0% a year ago.
- Net outflows of $3.3B; total sales $5.7B; AUM $145.0B at quarter end.
- Net income attributable to Virtus $31.7M, down 46% from $58.7M YoY.
- Weighted average diluted shares 7.463M, down 7% YoY from 7.984M.