Invesco (IVZ) Set to Announce Quarterly Earnings on Tuesday

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

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 Price Performance

Shares of NYSE IVZ opened at $18.63 on Monday. The firm has a market cap of $8.38 billion, a P/E ratio of -24.84, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. The business’s 50 day moving average is $17.03 and its 200-day moving average is $16.07. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. Invesco has a 1-year low of $12.48 and a 1-year high of $18.79.

Invesco Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on IVZ shares. Wells Fargo & Company boosted their target price on shares of Invesco from $16.00 to $16.50 and gave the company an “underweight” rating in a research report on Wednesday, October 9th. Royal Bank of Canada increased their target price on shares of Invesco from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday. Morgan Stanley boosted their price target on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Barclays began coverage on Invesco in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.