Invesco (NYSE:IVZ) will release its earnings data before the market opens on Thursday, April 26th. Analysts expect Invesco to post earnings of $0.67 per share for the quarter.
Invesco (NYSE:IVZ) last announced its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. Invesco had a return on equity of 13.20% and a net margin of 21.85%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $982.86 million. During the same period in the prior year, the firm earned $0.59 EPS. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, analysts expect Invesco to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NYSE IVZ opened at $31.11 on Thursday. Invesco has a 12-month low of $30.19 and a 12-month high of $38.43. The firm has a market capitalization of $12,560.49, a P/E ratio of 11.52, a P/E/G ratio of 1.01 and a beta of 1.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.55.
In other Invesco news, Director Sarah Beshar bought 2,970 shares of the stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $33.32 per share, for a total transaction of $98,960.40. Following the completion of the purchase, the director now directly owns 8,837 shares of the company’s stock, valued at $294,448.84. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kevin M. Carome sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $33.38, for a total value of $834,500.00. The disclosure for this sale can be found here. Insiders have sold 452,860 shares of company stock valued at $15,011,173 over the last 90 days. Insiders own 1.80% of the company’s stock.
Several brokerages recently issued reports on IVZ. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $37.00 price target on shares of Invesco in a report on Wednesday, April 11th. Zacks Investment Research downgraded Invesco from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Morgan Stanley lowered their price target on Invesco from $40.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, April 10th. ValuEngine downgraded Invesco from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Deutsche Bank upgraded Invesco from a “hold” rating to a “buy” rating and lowered their price target for the company from $39.00 to $38.00 in a report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.21.
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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