Invesco (NYSE:IVZ) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Invesco (NYSE:IVZ) released its quarterly earnings data on Tuesday. The asset manager reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07), Briefing.com reports. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.08 billion. Invesco had a positive return on equity of 7.11% and a negative net margin of 1.74%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS.

Invesco Stock Performance

NYSE IVZ opened at $14.52 on Thursday. Invesco has a twelve month low of $12.48 and a twelve month high of $18.71. The company has a debt-to-equity ratio of 0.54, a current ratio of 5.01 and a quick ratio of 5.01. The business’s fifty day moving average is $15.73 and its 200 day moving average is $15.44.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.205 per share. The ex-dividend date is Monday, May 13th. This is an increase from Invesco’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a dividend yield of 5.65%. Invesco’s dividend payout ratio is -106.67%.

Analyst Ratings Changes

A number of equities analysts have weighed in on IVZ shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $17.00 price target (down previously from $19.00) on shares of Invesco in a research report on Wednesday. Royal Bank of Canada boosted their price target on shares of Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. decreased their price objective on Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a report on Wednesday. TheStreet lowered shares of Invesco from a “b-” rating to a “c” rating in a research report on Friday, February 23rd. Finally, TD Cowen reduced their price target on Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a report on Wednesday. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.79.

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.