Wall Street analysts expect Invesco Ltd. (NYSE:IVZ) to post $1.40 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Invesco’s earnings. The highest sales estimate is $1.44 billion and the lowest is $1.37 billion. Invesco reported sales of $1.34 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.5%. The company is expected to issue its next quarterly earnings results on Thursday, October 25th.
According to Zacks, analysts expect that Invesco will report full year sales of $5.57 billion for the current financial year, with estimates ranging from $5.46 billion to $5.69 billion. For the next financial year, analysts anticipate that the firm will post sales of $5.73 billion per share, with estimates ranging from $5.50 billion to $6.03 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Invesco.
Invesco (NYSE:IVZ) last posted its quarterly earnings results on Thursday, July 26th. The asset manager reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. Invesco had a net margin of 21.64% and a return on equity of 12.70%. The business had revenue of $974.00 million during the quarter, compared to analysts’ expectations of $960.91 million. During the same quarter in the prior year, the company posted $0.64 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis.
Several brokerages have recently commented on IVZ. UBS Group upped their price objective on shares of Invesco from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, May 24th. Credit Suisse Group decreased their price objective on shares of Invesco from $41.00 to $39.00 and set an “outperform” rating on the stock in a report on Friday, July 13th. Keefe, Bruyette & Woods lowered shares of Invesco from an “outperform” rating to a “market perform” rating in a report on Friday, July 13th. JPMorgan Chase & Co. decreased their price objective on shares of Invesco from $34.00 to $29.00 and set an “overweight” rating on the stock in a report on Friday, July 27th. Finally, TheStreet lowered shares of Invesco from a “b-” rating to a “c+” rating in a report on Tuesday, May 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Invesco currently has an average rating of “Hold” and an average price target of $35.79.
Shares of IVZ stock opened at $24.22 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87. Invesco has a one year low of $23.74 and a one year high of $38.43. The company has a market capitalization of $9.90 billion, a PE ratio of 9.03, a P/E/G ratio of 0.99 and a beta of 1.65.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Thursday, August 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.95%. Invesco’s dividend payout ratio is currently 44.44%.
Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC acquired a new stake in Invesco during the 1st quarter worth approximately $100,000. Silvant Capital Management LLC acquired a new stake in Invesco during the 1st quarter worth approximately $103,000. Sun Life Financial INC lifted its holdings in Invesco by 3,034.1% during the 2nd quarter. Sun Life Financial INC now owns 4,137 shares of the asset manager’s stock worth $110,000 after buying an additional 4,005 shares in the last quarter. First Interstate Bank lifted its holdings in Invesco by 89.2% during the 2nd quarter. First Interstate Bank now owns 4,500 shares of the asset manager’s stock worth $120,000 after buying an additional 2,122 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in Invesco during the 1st quarter worth approximately $210,000. Institutional investors own 78.72% of the company’s stock.
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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