Invesco (IVZ) to Release Earnings on Tuesday

Invesco (NYSE:IVZ) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Invesco to post earnings of $0.40 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a positive return on equity of 7.93% and a negative net margin of 1.70%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. On average, analysts expect Invesco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Invesco Price Performance

Shares of IVZ opened at $15.18 on Tuesday. The business’s 50-day moving average is $15.83 and its two-hundred day moving average is $15.39. The company has a market capitalization of $6.82 billion, a P/E ratio of -20.51, a P/E/G ratio of 1.02 and a beta of 1.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.01 and a current ratio of 5.01. Invesco has a fifty-two week low of $12.48 and a fifty-two week high of $18.71.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, February 16th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend was Thursday, February 15th. Invesco’s dividend payout ratio is currently -108.11%.

Institutional Investors Weigh In On Invesco

Institutional investors have recently bought and sold shares of the company. United Services Automobile Association acquired a new stake in Invesco in the 2nd quarter worth about $202,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Invesco in the 4th quarter worth about $196,000. XTX Topco Ltd acquired a new stake in Invesco in the 1st quarter worth about $194,000. Toroso Investments LLC acquired a new stake in Invesco in the 1st quarter worth about $169,000. Finally, Federated Hermes Inc. boosted its holdings in Invesco by 900.1% in the 3rd quarter. Federated Hermes Inc. now owns 10,271 shares of the asset manager’s stock worth $141,000 after buying an additional 9,244 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IVZ. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Morgan Stanley cut their price target on Invesco from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. The Goldman Sachs Group dropped their target price on Invesco from $18.00 to $17.75 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. TheStreet cut Invesco from a “b-” rating to a “c” rating in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods dropped their target price on Invesco from $21.00 to $19.50 and set an “outperform” rating on the stock in a research report on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.38.

About Invesco

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.