Brokerages forecast that Invesco Ltd. (NYSE:IVZ) will post earnings per share (EPS) of $0.49 for the current quarter, Zacks reports. Three analysts have made estimates for Invesco’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.54. Invesco reported earnings per share of $0.67 during the same quarter last year, which would suggest a negative year-over-year growth rate of 26.9%. The company is scheduled to announce its next earnings report on Thursday, April 25th.

On average, analysts expect that Invesco will report full year earnings of $2.20 per share for the current financial year, with EPS estimates ranging from $2.04 to $2.35. For the next fiscal year, analysts forecast that the company will post earnings of $2.60 per share, with EPS estimates ranging from $2.37 to $2.75. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Invesco.

Invesco (NYSE:IVZ) last announced its earnings results on Wednesday, January 30th. The asset manager reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.10). Invesco had a return on equity of 10.96% and a net margin of 16.61%. The firm had revenue of $919.20 million for the quarter, compared to the consensus estimate of $913.37 million. During the same period in the prior year, the business earned $0.73 EPS. Invesco’s quarterly revenue was down 8.5% on a year-over-year basis.

A number of research firms have commented on IVZ. Wells Fargo & Co raised their price target on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Tuesday, March 19th. Morgan Stanley set a $19.00 price target on shares of Invesco and gave the stock a “hold” rating in a report on Friday, February 8th. Credit Suisse Group restated a “hold” rating on shares of Invesco in a report on Thursday, January 31st. Barclays cut shares of Invesco from an “overweight” rating to an “equal weight” rating and set a $19.00 price target for the company. in a report on Thursday, January 31st. Finally, Zacks Investment Research upgraded shares of Invesco from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. Invesco currently has a consensus rating of “Hold” and an average target price of $23.60.

In other news, major shareholder Ltd. Invesco purchased 425,531 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were acquired at an average cost of $2.64 per share, for a total transaction of $1,123,401.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rod Canion purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were purchased at an average price of $17.97 per share, for a total transaction of $179,700.00. Following the completion of the acquisition, the director now owns 64,451 shares of the company’s stock, valued at approximately $1,158,184.47. The disclosure for this purchase can be found here. Insiders have bought 455,531 shares of company stock valued at $1,680,902 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. raised its holdings in Invesco by 226.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 370,035 shares of the asset manager’s stock valued at $8,468,000 after buying an additional 256,753 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Invesco by 27.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 28,853 shares of the asset manager’s stock valued at $660,000 after buying an additional 6,224 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Invesco by 44.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 40,258 shares of the asset manager’s stock valued at $921,000 after buying an additional 12,379 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Invesco by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,308,238 shares of the asset manager’s stock valued at $258,733,000 after buying an additional 1,263,803 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in Invesco by 14.3% during the 3rd quarter. Toronto Dominion Bank now owns 301,871 shares of the asset manager’s stock valued at $6,904,000 after buying an additional 37,721 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

NYSE:IVZ traded up $0.03 during trading hours on Wednesday, reaching $19.09. The company had a trading volume of 50,257 shares, compared to its average volume of 4,483,125. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 1.07 and a beta of 1.53. Invesco has a twelve month low of $15.38 and a twelve month high of $32.26.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date was Wednesday, February 13th. Invesco’s dividend payout ratio is currently 49.38%.

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.

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Earnings History and Estimates for Invesco (NYSE:IVZ)

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