Insights

What’s with the Virtus Health (ASX:VRT) share price today?

The Virtus Health (ASX:VRT) share is all over the show today following the company’s release of its half-year resport. Here’s the lowdown.
The post What’s with the Virtus Health (ASX:VRT) share price today? appeared first on The Motley Fool Australia. –

share price rollercoaster represented by rollercoaster on share chart

Virtus Health Ltd (ASX: VRT) shares are teetering up and down following the company’s half-year results release this morning. At the market’s open, the Virtus Health share price surged nearly 6% to a new 52-week of $6.52. However, at the time of writing, Virus shares have pulled back to $6.18, up 0.32% for the day so far.

Let’s take a peek and see how Australia’s largest in vitro fertilisation provider performed over the first half of FY21 (1HFY21).

What’s moving the Virtus Health share price?

The Virtus Health share price is all over the show today after the company reported group revenue of $169.6 million for 1HFY21, compared to H1FY20’s $142.1 million in revenue.

Earnings before interest, tax, depreciation and amortisation (EBITDA) was $59 million, beating H1FY20’s EBITDA of $35.5 million.

Virtus declared an interim, fully franked dividend of 12 cents per share for the period.

Group CEO Kate Munnings commented on doing business during the challenging conditions presented by coronavirus. She said:

While we all felt the impact of COVID-19 on our services, our clinics have responded strongly. I am proud of how our team mobilised post the initial COVID-19 global shutdown, and how they have been able to continue to provide our essential services safely during the numerous lockdowns that have been experienced since then. We have experienced record levels of activity since restarting in mid-2020, demonstrating the resilience of assisted reproductive services.

Company outlook

After withstanding the disruptions of COVID-19, Virtus anticipates normalisation of growth rates heading into H2FY2021.

However, Virtus did caution that rising COVID-19 cases in the United Kingdom and Europe have led to stricter restrictions across the UK and Ireland which may continue to impact future business activities.

Commenting on what lies ahead, Munnings added:

We will continue to differentiate our services to drive further improvements in IVF pregnancy rates, via the One Lab approach, which was prototyped and implemented in Victoria, and resulted in IVF pregnancy rates increasing by 15% in the last three years. Melbourne IVF is now the clear leader in IVF pregnancy outcomes in Victoria, as demonstrated in the VARTA 2020 Annual Report published in December 2020. 

We expect to see sporadic disruptions from local and international COVID outbreaks for some time yet but remain optimistic that our clinics will continue to maintain their resilience.

Foolish takeaway

Over the past six months, the Virtus Health share price has soared by more than 90%. This has come after the company’s shares dropped as low as $1.56 in March 2020. Based on the current Virtus share price, the company has a market capitalisation of around $496 million and 79 million shares outstanding.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Motley Fool contributor Gretchen Kennedy has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Virtus Health Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post What’s with the Virtus Health (ASX:VRT) share price today? appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!