Invesco (IVZ) Expected to Announce Earnings of $0.69 Per Share

Wall Street brokerages expect Invesco (NYSE:IVZ) to announce earnings per share of $0.69 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Invesco’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.67. Invesco posted earnings per share of $0.61 in the same quarter last year, which indicates a positive year-over-year growth rate of 13.1%. The business is scheduled to issue its next quarterly earnings report on Thursday, April 26th.

According to Zacks, analysts expect that Invesco will report full-year earnings of $3.09 per share for the current fiscal year, with EPS estimates ranging from $2.96 to $3.24. For the next financial year, analysts expect that the business will post earnings of $3.37 per share, with EPS estimates ranging from $3.22 to $3.70. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Invesco.

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Invesco (NYSE:IVZ) last issued its earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $982.86 million. Invesco had a net margin of 21.85% and a return on equity of 13.20%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share.



A number of analysts recently weighed in on the stock. ValuEngine upgraded shares of Invesco from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Morgan Stanley cut shares of Invesco from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $40.00 to $39.00 in a report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Invesco from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Friday, February 9th. JPMorgan Chase set a $45.00 price target on shares of Invesco and gave the company a “buy” rating in a research report on Monday, January 8th. Finally, Royal Bank of Canada set a $47.00 price target on shares of Invesco and gave the company a “buy” rating in a research report on Saturday, December 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. Invesco presently has an average rating of “Hold” and an average target price of $40.57.

In related news, insider Kevin M. Carome sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $33.38, for a total value of $834,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Annette Lege sold 5,000 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $34.31, for a total transaction of $171,550.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 452,860 shares of company stock valued at $15,011,173. 1.80% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in IVZ. Avestar Capital LLC purchased a new stake in Invesco in the 4th quarter worth approximately $137,000. Valeo Financial Advisors LLC purchased a new stake in Invesco in the 3rd quarter worth approximately $160,000. ETRADE Capital Management LLC purchased a new stake in Invesco in the 3rd quarter worth approximately $205,000. Miles Capital Inc. purchased a new stake in Invesco in the 4th quarter worth approximately $205,000. Finally, Linscomb & Williams Inc. purchased a new stake in Invesco in the 4th quarter worth approximately $211,000. Institutional investors own 82.11% of the company’s stock.

NYSE:IVZ traded down $1.17 during trading hours on Monday, reaching $30.84. 4,308,839 shares of the company’s stock were exchanged, compared to its average volume of 3,828,189. The stock has a market capitalization of $13,032.77, a price-to-earnings ratio of 11.42, a PEG ratio of 0.86 and a beta of 1.70. Invesco has a 12 month low of $30.02 and a 12 month high of $38.43. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.55 and a current ratio of 1.55.

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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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Earnings History and Estimates for Invesco (NYSE:IVZ)

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