Invesco Ltd. (IVZ) Expected to Announce Quarterly Sales of $1.38 Billion

Equities research analysts expect that Invesco Ltd. (NYSE:IVZ) will report sales of $1.38 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Invesco’s earnings, with the lowest sales estimate coming in at $1.37 billion and the highest estimate coming in at $1.38 billion. Invesco reported sales of $1.19 billion in the same quarter last year, which would suggest a positive year over year growth rate of 16%. The company is expected to report its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that Invesco will report full-year sales of $1.38 billion for the current fiscal year, with estimates ranging from $5.75 billion to $5.83 billion. For the next year, analysts expect that the business will post sales of $6.10 billion per share, with estimates ranging from $5.93 billion to $6.18 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Invesco.

Invesco (NYSE:IVZ) last posted its earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $982.86 million. Invesco had a return on equity of 13.51% and a net margin of 21.85%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share.

IVZ has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $41.00 target price on shares of Invesco in a research note on Friday, October 27th. Morgan Stanley reiterated an “equal weight” rating and issued a $40.00 target price (up from $39.00) on shares of Invesco in a research note on Wednesday, February 7th. Credit Suisse Group upgraded Invesco from a “neutral” rating to an “outperform” rating and raised their target price for the company from $42.00 to $43.00 in a research note on Wednesday, January 31st. Zacks Investment Research cut Invesco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Deutsche Bank upgraded Invesco from a “hold” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $40.21.

Shares of Invesco (IVZ) opened at $32.52 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $13,205.61, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.87 and a beta of 1.74. Invesco has a one year low of $29.36 and a one year high of $38.43.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 15th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Wednesday, February 14th. Invesco’s dividend payout ratio is currently 42.34%.

Several hedge funds and other institutional investors have recently modified their holdings of IVZ. Raymond James Financial Services Advisors Inc. raised its stake in shares of Invesco by 7.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,862 shares of the asset manager’s stock valued at $664,000 after purchasing an additional 1,307 shares in the last quarter. Bank of Nova Scotia raised its stake in shares of Invesco by 10.3% during the second quarter. Bank of Nova Scotia now owns 10,573 shares of the asset manager’s stock valued at $372,000 after purchasing an additional 987 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Invesco during the second quarter valued at about $1,165,000. Scotia Capital Inc. raised its stake in shares of Invesco by 21.1% during the second quarter. Scotia Capital Inc. now owns 11,359 shares of the asset manager’s stock valued at $400,000 after purchasing an additional 1,980 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Invesco during the second quarter valued at about $446,000. Institutional investors and hedge funds own 80.36% of the company’s stock.

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Invesco Company Profile

Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.

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Earnings History and Estimates for Invesco (NYSE:IVZ)

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