Invesco Ltd. (IVZ) Expected to Post Earnings of $0.61 Per Share

Equities research analysts forecast that Invesco Ltd. (NYSE:IVZ) will announce $0.61 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Invesco’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.53. Invesco posted earnings of $0.73 per share in the same quarter last year, which would indicate a negative year over year growth rate of 16.4%. The firm is scheduled to issue its next earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that Invesco will report full-year earnings of $2.61 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.67. For the next year, analysts anticipate that the company will post earnings of $2.50 per share, with EPS estimates ranging from $2.04 to $2.96. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Invesco.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Thursday, October 18th. The asset manager reported $0.66 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. The company had revenue of $966.90 million for the quarter, compared to the consensus estimate of $972.49 million. Invesco had a net margin of 21.66% and a return on equity of 12.25%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 EPS.

A number of research firms have commented on IVZ. Zacks Investment Research raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Deutsche Bank downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays reissued a “buy” rating and set a $19.00 target price on shares of Invesco in a research report on Thursday. Citigroup cut their target price on shares of Invesco from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 19th. Finally, Morgan Stanley cut their target price on shares of Invesco from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.36.

A number of institutional investors and hedge funds have recently bought and sold shares of IVZ. Migdal Insurance & Financial Holdings Ltd. raised its position in Invesco by 80.6% during the 3rd 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 during the last quarter. First Interstate Bank raised its position in Invesco by 66.7% during the 3rd quarter. First Interstate Bank now owns 7,500 shares of the asset manager’s stock worth $172,000 after buying an additional 3,000 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new position in Invesco during the 3rd quarter worth approximately $173,000. Cozad Asset Management Inc. purchased a new position in Invesco during the 2nd quarter worth approximately $210,000. Finally, Gideon Capital Advisors Inc. purchased a new position in Invesco during the 3rd quarter worth approximately $211,000. 79.73% of the stock is owned by institutional investors.

IVZ stock traded up $0.23 during trading on Thursday, hitting $17.55. The company had a trading volume of 5,043,831 shares, compared to its average volume of 4,735,419. The company has a market capitalization of $7.10 billion, a PE ratio of 6.50, a P/E/G ratio of 0.83 and a beta of 1.53. Invesco has a 52-week low of $15.38 and a 52-week high of $38.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.55 and a quick ratio of 1.55.

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.

Read More: Tariff

Get a free copy of the Zacks research report on Invesco (IVZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply