Invesco (IVZ) Set to Announce Quarterly Earnings on Tuesday

Invesco (NYSE:IVZ) will be posting its quarterly earnings results after the market closes on Tuesday, October 22nd. Analysts expect Invesco to post earnings of $0.43 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The company’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 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 Performance

Shares of IVZ stock opened at $18.63 on Friday. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. Invesco has a 52 week low of $12.48 and a 52 week high of $18.79. The firm has a 50 day moving average of $17.03 and a 200-day moving average of $16.07. The company has a market cap of $8.38 billion, a price-to-earnings ratio of -24.84, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were issued a dividend of $0.205 per share. The ex-dividend date was Friday, August 16th. This represents a $0.82 annualized dividend and a dividend yield of 4.40%. Invesco’s dividend payout ratio is currently -109.33%.

Analysts Set New Price Targets

A number of analysts recently commented on IVZ shares. Evercore ISI boosted their target price on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, August 20th. Royal Bank of Canada boosted their price objective on Invesco from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. Morgan Stanley increased their target price on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday. Wells Fargo & Company boosted their price target on shares of Invesco from $16.00 to $16.50 and gave the company an “underweight” rating in a research note on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Invesco currently has an average rating of “Hold” and an average target price of $17.42.

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.