Brokerages expect Invesco Ltd. (NYSE:IVZ) to announce earnings of $0.67 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Invesco’s earnings. The highest EPS estimate is $0.73 and the lowest is $0.61. Invesco reported earnings of $0.73 per share in the same quarter last year, which would suggest a negative year over year growth rate of 8.2%. The firm is expected to announce its next quarterly earnings report on Wednesday, January 30th.
According to Zacks, analysts expect that Invesco will report full-year earnings of $2.66 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $2.72. For the next fiscal year, analysts forecast that the company will report earnings of $2.79 per share, with EPS estimates ranging from $2.65 to $3.19. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Invesco.
Invesco (NYSE:IVZ) last announced its earnings results on Thursday, October 18th. The asset manager reported $0.66 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.66. Invesco had a return on equity of 12.25% and a net margin of 21.66%. The company had revenue of $966.90 million during the quarter, compared to analyst estimates of $972.49 million. During the same period last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year.
IVZ has been the subject of a number of research reports. UBS Group lowered their target price on Invesco from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, October 8th. Morgan Stanley lowered their target price on Invesco from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 9th. Zacks Investment Research upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. Credit Suisse Group restated a “neutral” rating and issued a $27.00 target price (down from $34.00) on shares of Invesco in a research note on Friday, October 19th. Finally, Deutsche Bank lowered their target price on Invesco from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $31.67.
Shares of NYSE:IVZ traded down $0.40 during midday trading on Friday, reaching $21.58. The company’s stock had a trading volume of 255,835 shares, compared to its average volume of 7,436,039. Invesco has a fifty-two week low of $19.66 and a fifty-two week high of $38.43. The firm has a market cap of $9.01 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.93 and a beta of 1.64. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.55 and a current ratio of 1.55.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Tuesday, November 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Friday, November 9th. Invesco’s dividend payout ratio is 44.44%.
Institutional investors have recently bought and sold shares of the stock. Sun Life Financial INC boosted its holdings in Invesco by 3,034.1% in the second quarter. Sun Life Financial INC now owns 4,137 shares of the asset manager’s stock valued at $110,000 after acquiring an additional 4,005 shares during the last quarter. First Interstate Bank boosted its holdings in Invesco by 89.2% in the second quarter. First Interstate Bank now owns 4,500 shares of the asset manager’s stock valued at $120,000 after acquiring an additional 2,122 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new position in Invesco in the third quarter valued at about $173,000. Bessemer Group Inc. boosted its holdings in Invesco by 51.4% in the second quarter. Bessemer Group Inc. now owns 6,706 shares of the asset manager’s stock valued at $178,000 after acquiring an additional 2,277 shares during the last quarter. Finally, Private Capital Group LLC boosted its holdings in Invesco by 134.0% in the second quarter. Private Capital Group LLC now owns 7,080 shares of the asset manager’s stock valued at $188,000 after acquiring an additional 4,055 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.
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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