Invesco (NYSE:IVZ) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, January 31st. Analysts expect Invesco to post earnings of $0.68 per share for the quarter.
Invesco (NYSE:IVZ) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The firm had revenue of $976.60 million during the quarter, compared to the consensus estimate of $940.96 million. Invesco had a return on equity of 13.02% and a net margin of 18.99%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, analysts expect Invesco to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Invesco (NYSE IVZ) opened at $38.40 on Monday. The company has a market capitalization of $15,630.00, a P/E ratio of 16.62, a PEG ratio of 1.01 and a beta of 1.80. Invesco has a 1-year low of $28.75 and a 1-year high of $38.43. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75.
In related news, insider Colin Meadows sold 54,215 shares of Invesco stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total transaction of $1,952,282.15. Following the transaction, the insider now owns 164,420 shares of the company’s stock, valued at $5,920,764.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by insiders.
Several equities research analysts have recently commented on the company. Citigroup downgraded Invesco from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. JPMorgan Chase & Co. set a $45.00 target price on Invesco and gave the company a “buy” rating in a research report on Monday, January 8th. Bank of America cut Invesco from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research report on Monday, January 8th. Zacks Investment Research cut Invesco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, ValuEngine raised Invesco from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Invesco presently has a consensus rating of “Hold” and an average target price of $39.79.
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Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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