Invesco (NYSE:IVZ) Releases Quarterly Earnings Results

Invesco (NYSE:IVZ) released its earnings results on Tuesday. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07), Briefing.com reports. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share.

Invesco Stock Performance

Shares of IVZ stock traded down $0.30 during mid-day trading on Wednesday, hitting $14.28. The stock had a trading volume of 2,718,508 shares, compared to its average volume of 4,669,099. Invesco has a fifty-two week low of $12.48 and a fifty-two week high of $18.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.01 and a quick ratio of 5.01. The company’s 50-day simple moving average is $15.75 and its 200-day simple moving average is $15.45. The firm has a market cap of $6.41 billion, a PE ratio of -19.34, a PEG ratio of 1.03 and a beta of 1.44.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.74%. This is a positive change from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, May 13th. Invesco’s dividend payout ratio (DPR) is -108.11%.

Analyst Ratings Changes

Several research firms have recently issued reports on IVZ. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. TD Cowen assumed coverage on shares of Invesco in a research note on Thursday, January 4th. They issued an “outperform” rating and a $21.00 price target on the stock. TheStreet downgraded shares of Invesco from a “b-” rating to a “c” rating in a research report on Friday, February 23rd. UBS Group decreased their price objective on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, January 29th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $17.00 target price (down previously from $19.00) on shares of Invesco in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.25.

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.