Equities research analysts expect Invesco Ltd. (NYSE:IVZ) to post sales of $1.39 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Invesco’s earnings, with estimates ranging from $1.37 billion to $1.39 billion. Invesco reported sales of $1.38 billion in the same quarter last year, which indicates a positive year over year growth rate of 0.7%. The business is expected to announce its next earnings results on Wednesday, January 30th.
On average, analysts expect that Invesco will report full year sales of $5.53 billion for the current year, with estimates ranging from $5.46 billion to $5.58 billion. For the next year, analysts forecast that the business will post sales of $5.62 billion, with estimates ranging from $5.50 billion to $5.74 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Invesco.
Invesco (NYSE:IVZ) last announced its quarterly earnings data on Thursday, October 18th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. The company had revenue of $966.90 million during the quarter, compared to analysts’ expectations of $972.49 million. Invesco had a net margin of 21.66% and a return on equity of 12.25%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 EPS.
Shares of Invesco stock traded down $0.27 during mid-day trading on Friday, reaching $21.43. 276,658 shares of the stock were exchanged, compared to its average volume of 7,696,055. The stock has a market capitalization of $8.89 billion, a P/E ratio of 7.93, a price-to-earnings-growth ratio of 0.92 and a beta of 1.52. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.82. Invesco has a fifty-two week low of $19.66 and a fifty-two week high of $38.43.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, November 13th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.60%. The ex-dividend date of this dividend is Friday, November 9th. Invesco’s payout ratio is presently 44.44%.
A number of institutional investors and hedge funds have recently bought and sold shares of IVZ. American Century Companies Inc. increased its position in Invesco by 41.3% in the 2nd quarter. American Century Companies Inc. now owns 16,442,516 shares of the asset manager’s stock valued at $436,713,000 after acquiring an additional 4,801,968 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Invesco in the 2nd quarter valued at about $46,717,000. Federated Investors Inc. PA increased its position in Invesco by 181.4% in the 2nd quarter. Federated Investors Inc. PA now owns 2,375,762 shares of the asset manager’s stock valued at $63,100,000 after acquiring an additional 1,531,418 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Invesco by 48.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,395,993 shares of the asset manager’s stock valued at $116,758,000 after acquiring an additional 1,424,944 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Invesco by 12.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,308,238 shares of the asset manager’s stock valued at $258,733,000 after acquiring an additional 1,263,803 shares in the last quarter. Hedge funds and other institutional investors own 79.32% of the company’s stock.
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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