Invesco (IVZ) to Release Quarterly Earnings on Tuesday

Invesco (NYSE:IVZ) is scheduled to announce 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 listen to the company’s conference call can do so using this link.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates 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 was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $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 Trading Up 0.7 %

NYSE IVZ opened at $15.37 on Friday. The firm has a market cap of $6.90 billion, a P/E ratio of -20.77, a P/E/G ratio of 1.01 and a beta of 1.44. 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 stock’s 50-day moving average is $15.77 and its 200-day moving average is $15.41. Invesco has a one year low of $12.48 and a one year high of $18.71.

Invesco Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on IVZ. TD Cowen began coverage on Invesco in a research note on Thursday, January 4th. They issued an “outperform” rating and a $21.00 target price on the stock. The Goldman Sachs Group cut their target price on Invesco from $18.00 to $17.75 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Morgan Stanley boosted their target price on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group cut their target price on Invesco from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, January 29th. Finally, Wells Fargo & Company cut their target price on Invesco from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.46.

Institutional Investors Weigh In On Invesco

Institutional investors and hedge funds have recently made changes to their positions in the stock. Money Concepts Capital Corp raised its stake in shares of Invesco by 150.1% during the 4th quarter. Money Concepts Capital Corp now owns 1,688 shares of the asset manager’s stock worth $30,000 after purchasing an additional 1,013 shares in the last quarter. Cape Cod Five Cents Savings Bank acquired a new position in shares of Invesco during the 2nd quarter worth approximately $642,000. Quilter Plc acquired a new position in shares of Invesco during the 2nd quarter worth approximately $38,000. UniSuper Management Pty Ltd acquired a new position in shares of Invesco during the 2nd quarter worth approximately $39,000. Finally, Advisory Services Network LLC increased 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 acquiring an additional 804 shares during the last quarter. Institutional investors own 66.09% 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.