Invesco PLC (NYSE:IVZ) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 26th. Analysts expect Invesco PLC to post earnings of $0.66 per share for the quarter.
Invesco PLC (NYSE:IVZ) last announced its earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $906.30 million for the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. On average, analysts expect Invesco PLC to post $2.59 EPS for the current fiscal year and $2.86 EPS for the next fiscal year.
Invesco PLC (NYSE:IVZ) opened at 36.79 on Thursday. The stock’s 50 day moving average is $34.22 and its 200-day moving average is $33.62. Invesco PLC has a 12 month low of $27.46 and a 12 month high of $36.84. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of 16.40 and a beta of 1.80.
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IVZ has been the subject of a number of recent research reports. Royal Bank Of Canada assumed coverage on Invesco PLC in a research note on Thursday, June 29th. They set an “outperform” rating and a $41.00 price objective for the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $36.00 price target on shares of Invesco PLC in a research note on Sunday, July 2nd. Zacks Investment Research raised Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Tuesday, July 4th. Jefferies Group LLC increased their price target on Invesco PLC from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, July 4th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $38.00 price target (up previously from $36.00) on shares of Invesco PLC in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $38.04.
Invesco PLC Company Profile
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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