Invesco (NYSE:IVZ – Get Free Report) issued its earnings results on Tuesday. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01, Briefing.com reports. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business earned $0.35 EPS. The firm’s quarterly revenue was down 20.8% on a year-over-year basis.
Invesco Stock Up 0.7 %
NYSE:IVZ traded up $0.12 during midday trading on Thursday, hitting $17.62. 2,480,030 shares of the company were exchanged, compared to its average volume of 4,255,081. The company has a fifty day simple moving average of $17.12 and a 200 day simple moving average of $16.10. Invesco has a fifty-two week low of $12.48 and a fifty-two week high of $18.79. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $7.93 billion, a PE ratio of -23.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44.
Invesco Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.65%. Invesco’s dividend payout ratio is currently -109.33%.
Wall Street Analyst Weigh In
View Our Latest Stock Report on IVZ
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.
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