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.
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.
ILLEGAL ACTIVITY WARNING: This news story was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2018/02/13/invesco-ltd-ivz-expected-to-announce-quarterly-sales-of-1-38-billion.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.