$1.39 Billion in Sales Expected for Invesco Ltd. (IVZ) This Quarter

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 $5.52 billion for the current year, with estimates ranging from $5.46 billion to $5.54 billion. For the next year, analysts forecast that the business will post sales of $5.59 billion, with estimates ranging from $5.50 billion to $5.68 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 posted its quarterly earnings results on Thursday, October 18th. The asset manager reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. The company had revenue of $966.90 million during the quarter, compared to the consensus estimate of $972.49 million. Invesco had a return on equity of 12.25% and a net margin of 21.66%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 EPS.

IVZ has been the subject of several research reports. UBS Group cut their price target on Invesco from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, October 8th. Deutsche Bank lifted their price objective on Invesco from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. JPMorgan Chase & Co. set a $29.00 price objective on Invesco and gave the stock a “buy” rating in a report on Monday, September 24th. Zacks Investment Research upgraded Invesco from a “sell” rating to a “hold” rating in a report on Monday, September 24th. Finally, Credit Suisse Group restated a “neutral” rating and set a $27.00 target price (down from $34.00) on shares of Invesco in a report on Friday, October 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Invesco presently has a consensus rating of “Hold” and an average target price of $30.00.

Shares of IVZ stock traded up $0.10 on Tuesday, hitting $20.35. 5,251,964 shares of the stock were exchanged, compared to its average volume of 5,496,100. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 0.87 and a beta of 1.52. Invesco has a one year low of $19.28 and a one year high of $38.43.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, November 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend is Friday, November 9th. Invesco’s dividend payout ratio is currently 44.44%.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Invesco by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 43,577,656 shares of the asset manager’s stock valued at $997,058,000 after buying an additional 524,580 shares during the period. Legal & General Group Plc raised its position in shares of Invesco by 3.3% during the 3rd quarter. Legal & General Group Plc now owns 1,990,209 shares of the asset manager’s stock valued at $45,536,000 after buying an additional 64,224 shares during the period. Rehmann Capital Advisory Group raised its position in shares of Invesco by 2,270.1% during the 3rd quarter. Rehmann Capital Advisory Group now owns 27,707 shares of the asset manager’s stock valued at $1,211,000 after buying an additional 26,538 shares during the period. Neuberger Berman Group LLC raised its position in shares of Invesco by 12.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 36,837 shares of the asset manager’s stock valued at $843,000 after buying an additional 4,045 shares during the period. Finally, Kentucky Retirement Systems purchased a new stake in shares of Invesco during the 3rd quarter valued at approximately $1,332,000. Institutional investors and hedge funds own 81.65% 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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