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.
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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