Wall Street brokerages expect that Invesco Ltd. (NYSE:IVZ) will report $0.49 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Invesco’s earnings, with estimates ranging from $0.43 to $0.56. Invesco posted earnings of $0.67 per share in the same quarter last year, which would indicate a negative year over year growth rate of 26.9%. The business is scheduled to announce its next earnings results on Thursday, April 25th.
According to Zacks, analysts expect that Invesco will report full year earnings of $2.22 per share for the current year, with EPS estimates ranging from $1.95 to $2.60. For the next financial year, analysts expect that the firm will post earnings of $2.64 per share, with EPS estimates ranging from $2.20 to $3.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Invesco.
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Invesco (NYSE:IVZ) last announced its quarterly earnings data on Wednesday, January 30th. The asset manager reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.10). Invesco had a net margin of 16.61% and a return on equity of 10.88%. The business had revenue of $919.20 million during the quarter, compared to analysts’ expectations of $913.37 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Invesco’s revenue was down 8.5% on a year-over-year basis.
Several equities analysts have recently commented on IVZ shares. Zacks Investment Research downgraded Invesco from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 8th. Barclays lowered their price objective on Invesco from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, December 3rd. Deutsche Bank downgraded Invesco from a “buy” rating to a “hold” rating and lowered their price objective for the company from $25.00 to $18.00 in a research report on Thursday, January 10th. Wells Fargo & Co downgraded Invesco from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $27.00 to $22.00 in a research report on Tuesday, December 4th. Finally, Citigroup lowered their price objective on Invesco from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.18.
Shares of Invesco stock traded down $0.50 during trading hours on Friday, hitting $17.87. The company’s stock had a trading volume of 140,961 shares, compared to its average volume of 4,898,129. Invesco has a 12-month low of $15.38 and a 12-month high of $35.03. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.10 and a beta of 1.50. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.82.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 14th will be given a $0.30 dividend. The ex-dividend date is Wednesday, February 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.72%. Invesco’s dividend payout ratio is currently 49.38%.
Several large investors have recently bought and sold shares of IVZ. Rational Advisors LLC lifted its position in shares of Invesco by 411.3% in the fourth quarter. Rational Advisors LLC now owns 2,536 shares of the asset manager’s stock worth $42,000 after buying an additional 2,040 shares in the last quarter. Old North State Trust LLC lifted its position in shares of Invesco by 71.1% in the fourth quarter. Old North State Trust LLC now owns 3,746 shares of the asset manager’s stock worth $62,000 after buying an additional 1,557 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Invesco by 3,044.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,419,067 shares of the asset manager’s stock worth $85,000 after buying an additional 1,373,944 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Invesco by 80.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,689 shares of the asset manager’s stock worth $130,000 after buying an additional 2,539 shares in the last quarter. Finally, First Interstate Bank lifted its position in shares of Invesco by 33.3% in the fourth quarter. First Interstate Bank now owns 10,000 shares of the asset manager’s stock worth $167,000 after buying an additional 2,500 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.
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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