Analysts Anticipate Invesco (IVZ) to Announce $0.67 EPS

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.

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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 has been the topic of several analyst reports. Morgan Stanley downgraded Invesco from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $40.00 to $39.00 in a report on Wednesday, January 3rd. Zacks Investment Research upgraded Invesco from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Wednesday, January 3rd. JPMorgan Chase set a $45.00 price target on Invesco and gave the company a “buy” rating in a report on Monday, January 8th. Bank of America downgraded Invesco from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Monday, January 8th. Finally, Citigroup downgraded Invesco from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.21.

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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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.

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Earnings History and Estimates for Invesco (NYSE:IVZ)

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