Invesco (IVZ) Set to Announce Quarterly Earnings on Tuesday

Invesco (NYSE:IVZ) will be announcing its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a positive return on equity of 7.93% and a negative net margin of 1.70%. Invesco’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, analysts expect Invesco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Invesco Stock Up 0.7 %

Shares of NYSE IVZ opened at $15.37 on Monday. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.77. The company has a market cap of $6.90 billion, a price-to-earnings ratio of -20.77, a PEG ratio of 1.01 and a beta of 1.44. Invesco has a 12 month low of $12.48 and a 12 month high of $18.71. The stock has a 50-day moving average price of $15.77 and a two-hundred day moving average price of $15.43.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, February 16th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.20%. The ex-dividend date was Thursday, February 15th. Invesco’s payout ratio is -108.11%.

Analyst Ratings Changes

IVZ has been the subject of several research analyst reports. The Goldman Sachs Group lowered their target price on Invesco from $18.00 to $17.75 and set a “neutral” rating for the company in a research note on Thursday, April 11th. TD Cowen assumed coverage on Invesco in a research note on Thursday, January 4th. They set an “outperform” rating and a $21.00 target price for the company. Morgan Stanley upped their price objective on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Keefe, Bruyette & Woods lowered their price objective on Invesco from $21.00 to $19.50 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. Finally, UBS Group lowered their price objective on Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, January 29th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.46.

Institutional Trading of Invesco

Institutional investors have recently added to or reduced their stakes in the stock. Money Concepts Capital Corp boosted its holdings in Invesco by 150.1% in the fourth quarter. Money Concepts Capital Corp now owns 1,688 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 1,013 shares during the last quarter. Cape Cod Five Cents Savings Bank bought a new position in shares of Invesco during the 2nd quarter worth approximately $642,000. Quilter Plc bought a new position in shares of Invesco during the 2nd quarter worth approximately $38,000. UniSuper Management Pty Ltd bought a new position in shares of Invesco during the 2nd quarter worth approximately $39,000. Finally, Advisory Services Network LLC boosted its holdings in shares of Invesco by 22.8% during the 1st quarter. Advisory Services Network LLC now owns 4,323 shares of the asset manager’s stock worth $71,000 after buying an additional 804 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

About Invesco

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.