Analysts Expect Invesco PLC (IVZ) Will Post Earnings of $0.64 Per Share
Equities research analysts forecast that Invesco PLC (NYSE:IVZ) will report earnings of $0.64 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Invesco PLC’s earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.63. Invesco PLC posted earnings of $0.60 per share during the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The company is expected to report its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Invesco PLC will report full-year earnings of $2.55 per share for the current fiscal year, with EPS estimates ranging from $2.51 to $2.63. For the next financial year, analysts expect that the business will report earnings of $2.79 per share, with EPS estimates ranging from $2.68 to $2.97. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Invesco PLC.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm had revenue of $906.30 million for the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 EPS.
Several research firms recently issued reports on IVZ. Jefferies Group LLC reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Invesco PLC in a research report on Sunday, July 30th. ValuEngine raised Invesco PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Invesco PLC in a research report on Sunday, July 30th. BidaskClub raised Invesco PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, Zacks Investment Research cut Invesco PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.38.
Large investors have recently bought and sold shares of the company. Financial Architects Inc increased its stake in shares of Invesco PLC by 54.3% in the 2nd quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock worth $109,000 after purchasing an additional 1,082 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Invesco PLC by 29.4% in the 1st quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock worth $171,000 after purchasing an additional 1,267 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Invesco PLC in the 2nd quarter worth $185,000. Gilbert & Cook Inc. purchased a new stake in shares of Invesco PLC in the 2nd quarter worth $203,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of Invesco PLC in the 2nd quarter worth $206,000. Hedge funds and other institutional investors own 79.79% of the company’s stock.
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Invesco PLC (IVZ) traded up 1.91% during midday trading on Tuesday, reaching $34.20. 2,657,637 shares of the company’s stock were exchanged. Invesco PLC has a 52 week low of $27.46 and a 52 week high of $36.84. The firm has a market capitalization of $13.92 billion, a P/E ratio of 15.25 and a beta of 1.80. The stock’s 50 day moving average is $33.22 and its 200 day moving average is $33.02.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were paid a $0.29 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.39%. Invesco PLC’s dividend payout ratio (DPR) is 52.02%.
About Invesco PLC
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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