Wall Street analysts expect Invesco (NYSE:IVZ) to report earnings of $0.69 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Invesco’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.67. Invesco posted earnings of $0.61 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 13.1%. The business is scheduled to issue its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Invesco will report full-year earnings of $3.09 per share for the current financial year, with EPS estimates ranging from $2.96 to $3.24. For the next year, analysts anticipate that the company will post earnings of $3.37 per share, with EPS estimates ranging from $3.22 to $3.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Invesco.
Invesco (NYSE:IVZ) last released its earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Invesco had a return on equity of 13.20% and a net margin of 21.85%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.86 million. During the same period last year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year.
IVZ has been the topic of a number of recent research reports. Citigroup downgraded Invesco from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. Bank of America downgraded Invesco from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a report on Monday, January 8th. Zacks Investment Research downgraded Invesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. JPMorgan Chase set a $45.00 price objective on Invesco and gave the company a “buy” rating in a report on Monday, January 8th. Finally, Royal Bank of Canada set a $47.00 price objective on Invesco and gave the company a “buy” rating in a report on Saturday, December 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $40.57.
In other news, CEO Martin L. Flanagan sold 422,860 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $33.12, for a total value of $14,005,123.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kevin M. Carome sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $33.38, for a total value of $834,500.00. The disclosure for this sale can be found here. Insiders have sold 452,860 shares of company stock worth $15,011,173 over the last ninety days. Company insiders own 1.80% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital International Investors boosted its holdings in shares of Invesco by 9.2% in the 3rd quarter. Capital International Investors now owns 13,917,400 shares of the asset manager’s stock worth $487,666,000 after acquiring an additional 1,169,200 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Invesco by 1.8% in the 4th quarter. American Century Companies Inc. now owns 9,652,437 shares of the asset manager’s stock worth $352,700,000 after acquiring an additional 173,766 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Invesco by 45.2% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 7,403,295 shares of the asset manager’s stock worth $270,516,000 after acquiring an additional 2,306,093 shares in the last quarter. Kiltearn Partners LLP boosted its holdings in shares of Invesco by 2.5% in the 4th quarter. Kiltearn Partners LLP now owns 5,949,210 shares of the asset manager’s stock worth $217,384,000 after acquiring an additional 145,800 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Invesco by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 4,277,503 shares of the asset manager’s stock worth $155,969,000 after purchasing an additional 150,909 shares during the last quarter. 82.11% of the stock is currently owned by institutional investors and hedge funds.
IVZ stock traded down $1.08 during trading on Monday, reaching $30.70. 3,526,484 shares of the stock were exchanged, compared to its average volume of 3,953,698. Invesco has a twelve month low of $30.02 and a twelve month high of $38.43. The company has a market cap of $12,939.13, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.85 and a beta of 1.71. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.77.
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Invesco Company Profile
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
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