Wall Street analysts predict that Invesco (NYSE:IVZ) will post earnings per share of $0.67 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Invesco’s earnings, with estimates ranging from $0.64 to $0.72. Invesco reported earnings of $0.61 per share in the same quarter last year, which would suggest a positive year over year growth rate of 9.8%. The company is expected to report its next quarterly earnings report before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that Invesco will report full-year earnings of $2.97 per share for the current year, with EPS estimates ranging from $2.83 to $3.10. For the next fiscal year, analysts expect that the firm will post earnings of $3.30 per share, with EPS estimates ranging from $3.19 to $3.70. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Invesco.
Invesco (NYSE:IVZ) last announced its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. Invesco had a return on equity of 13.20% and a net margin of 21.85%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.86 million. During the same quarter last year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year.
IVZ stock traded up $0.11 during midday trading on Thursday, hitting $31.22. 1,977,942 shares of the company traded hands, compared to its average volume of 3,623,030. Invesco has a twelve month low of $30.19 and a twelve month high of $38.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. The company has a market cap of $12,674.49, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71.
In other Invesco news, Director Sarah Beshar purchased 2,970 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average price of $33.32 per share, for a total transaction of $98,960.40. Following the completion of the purchase, the director now directly owns 8,837 shares of the company’s stock, valued at $294,448.84. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Annette Lege sold 5,000 shares of Invesco stock in a transaction 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 worth $15,011,173. 1.80% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. boosted its stake in Invesco by 1.8% during the fourth quarter. American Century Companies Inc. now owns 9,652,437 shares of the asset manager’s stock worth $352,700,000 after buying an additional 173,766 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Invesco by 45.2% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 7,403,295 shares of the asset manager’s stock valued at $270,516,000 after acquiring an additional 2,306,093 shares during the period. Kiltearn Partners LLP lifted its holdings in shares of Invesco by 2.5% during the fourth quarter. Kiltearn Partners LLP now owns 5,949,210 shares of the asset manager’s stock valued at $217,384,000 after acquiring an additional 145,800 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Invesco by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 4,277,503 shares of the asset manager’s stock valued at $155,969,000 after acquiring an additional 150,909 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Invesco by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,786,828 shares of the asset manager’s stock valued at $97,644,000 after acquiring an additional 8,917 shares during the period. Hedge funds and other institutional investors own 82.42% of the company’s stock.
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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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