Analysts Expect Invesco Ltd. (NYSE:IVZ) to Post $0.62 EPS

Wall Street brokerages expect Invesco Ltd. (NYSE:IVZGet Rating) to announce earnings per share (EPS) of $0.62 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Invesco’s earnings, with estimates ranging from $0.50 to $0.69. Invesco reported earnings of $0.78 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 20.5%. The business is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Invesco will report full year earnings of $2.58 per share for the current fiscal year, with EPS estimates ranging from $2.25 to $2.84. For the next financial year, analysts forecast that the firm will post earnings of $2.90 per share, with EPS estimates ranging from $2.49 to $3.16. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Invesco.

Invesco (NYSE:IVZGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.05). Invesco had a net margin of 22.72% and a return on equity of 13.70%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. Invesco’s revenue was down 1.9% on a year-over-year basis.

IVZ has been the subject of several research reports. BMO Capital Markets cut their price objective on Invesco from $33.00 to $29.00 and set an “outperform” rating for the company in a research report on Wednesday, January 26th. Citigroup lowered their target price on shares of Invesco from $26.00 to $22.50 in a research note on Wednesday, April 27th. The Goldman Sachs Group lifted their target price on shares of Invesco from $23.00 to $24.50 and gave the stock a “neutral” rating in a research note on Thursday, March 31st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Invesco from $24.00 to $21.00 in a research note on Thursday. Finally, Bank of America lowered their target price on shares of Invesco from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, January 26th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.55.

In related news, major shareholder Trian Fund Management, L.P. acquired 1,026,508 shares of the firm’s stock in a transaction dated Wednesday, March 23rd. The stock was acquired at an average cost of $21.52 per share, for a total transaction of $22,090,452.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Martin L. Flanagan sold 189,708 shares of the stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $19.51, for a total transaction of $3,701,203.08. The disclosure for this sale can be found here. In the last 90 days, insiders bought 8,459,690 shares of company stock worth $181,140,834. Company insiders own 1.94% of the company’s stock.

Several large investors have recently modified their holdings of the stock. MCF Advisors LLC lifted its position in Invesco by 69.9% in the 4th quarter. MCF Advisors LLC now owns 1,252 shares of the asset manager’s stock worth $29,000 after buying an additional 515 shares in the last quarter. McIlrath & Eck LLC lifted its position in Invesco by 224.9% in the 3rd quarter. McIlrath & Eck LLC now owns 1,280 shares of the asset manager’s stock worth $31,000 after buying an additional 886 shares in the last quarter. Capital Analysts LLC increased its stake in shares of Invesco by 103.8% during the 4th quarter. Capital Analysts LLC now owns 1,339 shares of the asset manager’s stock worth $31,000 after purchasing an additional 682 shares during the last quarter. CENTRAL TRUST Co acquired a new position in shares of Invesco during the 1st quarter worth $31,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in shares of Invesco during the 1st quarter worth $32,000. Institutional investors and hedge funds own 67.53% of the company’s stock.

Shares of Invesco stock traded down $0.04 during trading on Friday, hitting $17.94. 52,317 shares of the company were exchanged, compared to its average volume of 4,220,551. The company has a quick ratio of 4.21, a current ratio of 4.21 and a debt-to-equity ratio of 0.77. Invesco has a fifty-two week low of $16.76 and a fifty-two week high of $29.71. The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 6.31, a P/E/G ratio of 1.14 and a beta of 1.25. The firm has a 50 day moving average price of $20.57 and a 200 day moving average price of $22.28.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Tuesday, May 10th will be paid a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Monday, May 9th. This is a positive change from Invesco’s previous quarterly dividend of $0.17. Invesco’s dividend payout ratio is 26.32%.

Invesco Company Profile (Get Rating)

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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Earnings History and Estimates for Invesco (NYSE:IVZ)

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