Wall Street analysts expect Invesco Ltd. (NYSE:IVZ) to report $1.74 billion in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Invesco’s earnings. The highest sales estimate is $1.79 billion and the lowest is $1.69 billion. Invesco reported sales of $1.26 billion in the same quarter last year, which indicates a positive year over year growth rate of 38.1%. The business is scheduled to issue its next quarterly earnings report on Wednesday, January 29th.
According to Zacks, analysts expect that Invesco will report full year sales of $6.25 billion for the current fiscal year, with estimates ranging from $6.06 billion to $6.35 billion. For the next fiscal year, analysts forecast that the firm will report sales of $6.96 billion, with estimates ranging from $6.69 billion to $7.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Invesco.
Invesco (NYSE:IVZ) last posted its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.13. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. Invesco had a net margin of 8.86% and a return on equity of 10.60%. Invesco’s revenue for the quarter was up 27.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share.
A number of research analysts have recently commented on IVZ shares. Wells Fargo & Co reissued a “market perform” rating and set a $17.00 target price (down from $23.00) on shares of Invesco in a research report on Thursday, October 10th. Barclays reaffirmed a “hold” rating and set a $16.00 target price on shares of Invesco in a research report on Wednesday, October 9th. Evercore ISI lowered Invesco from an “in-line” rating to an “underperform” rating in a research report on Tuesday, October 22nd. Morgan Stanley set a $18.00 price target on shares of Invesco and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Citigroup set a $16.50 price objective on Invesco and gave the company a “hold” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. Invesco presently has an average rating of “Hold” and a consensus target price of $19.05.
Institutional investors and hedge funds have recently made changes to their positions in the business. Man Group plc acquired a new stake in Invesco during the third quarter valued at $217,000. Squarepoint Ops LLC raised its holdings in Invesco by 47.9% during the third quarter. Squarepoint Ops LLC now owns 371,950 shares of the asset manager’s stock valued at $6,301,000 after buying an additional 120,424 shares in the last quarter. GQ Asset Management LLC raised its holdings in Invesco by 32.5% during the third quarter. GQ Asset Management LLC now owns 9,190 shares of the asset manager’s stock valued at $156,000 after buying an additional 2,253 shares in the last quarter. Lingohr & Partner Asset Management GmbH acquired a new stake in Invesco in the 3rd quarter worth approximately $915,000. Finally, Penserra Capital Management LLC lifted its stake in shares of Invesco by 29.6% in the third quarter. Penserra Capital Management LLC now owns 8,055 shares of the asset manager’s stock worth $135,000 after buying an additional 1,839 shares during the last quarter. Institutional investors own 66.83% of the company’s stock.
NYSE:IVZ traded down $0.15 during trading hours on Thursday, hitting $16.61. The stock had a trading volume of 3,918,728 shares, compared to its average volume of 4,767,124. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.78. Invesco has a 1-year low of $15.15 and a 1-year high of $22.18. The business has a 50 day simple moving average of $17.17 and a two-hundred day simple moving average of $18.00. The company has a market cap of $7.97 billion, a PE ratio of 6.84, a price-to-earnings-growth ratio of 0.87 and a beta of 1.55.
The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date of this dividend was Friday, November 8th. Invesco’s payout ratio is 51.03%.
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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