Invesco Ltd. (NYSE:IVZ) Expected to Announce Earnings of $0.57 Per Share
Brokerages expect that Invesco Ltd. (NYSE:IVZ) will report earnings of $0.57 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Invesco’s earnings, with estimates ranging from $0.54 to $0.61. Invesco posted earnings of $0.66 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 13.6%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, July 25th.
On average, analysts expect that Invesco will report full year earnings of $2.36 per share for the current year, with EPS estimates ranging from $2.27 to $2.46. For the next year, analysts anticipate that the company will post earnings of $2.71 per share, with EPS estimates ranging from $2.58 to $2.90. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Invesco.
Invesco (NYSE:IVZ) last issued its quarterly earnings data on Thursday, April 25th. The asset manager reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. Invesco had a net margin of 15.59% and a return on equity of 10.48%. The firm had revenue of $887.10 million for the quarter, compared to analyst estimates of $884.93 million. During the same period in the prior year, the business posted $0.67 EPS. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year.
In other Invesco news, Director G Richard Wagoner, Jr. bought 10,000 shares of Invesco stock in a transaction on Friday, June 7th. The shares were bought at an average cost of $20.71 per share, for a total transaction of $207,100.00. Following the acquisition, the director now directly owns 25,648 shares in the company, valued at $531,170.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ltd. Invesco bought 2,222,222 shares of Invesco stock in a transaction on Monday, June 10th. The shares were acquired at an average price of $4.50 per share, for a total transaction of $9,999,999.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 2,252,222 shares of company stock worth $10,619,199. 1.90% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in IVZ. Rehmann Capital Advisory Group increased its position in shares of Invesco by 100.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 669 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Invesco by 58.8% in the 1st quarter. Parallel Advisors LLC now owns 1,436 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 532 shares during the last quarter. CSat Investment Advisory L.P. increased its position in shares of Invesco by 141.2% in the 4th quarter. CSat Investment Advisory L.P. now owns 2,103 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 1,231 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Invesco by 46.2% in the 1st quarter. Quadrant Capital Group LLC now owns 2,213 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 699 shares during the last quarter. Finally, FinTrust Capital Advisors LLC increased its position in shares of Invesco by 21.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 2,909 shares of the asset manager’s stock valued at $56,000 after purchasing an additional 519 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.
Shares of IVZ stock traded up $0.10 during trading hours on Friday, hitting $19.77. The company had a trading volume of 3,630,225 shares, compared to its average volume of 4,610,239. The business’s fifty day moving average is $20.38. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.86. Invesco has a fifty-two week low of $15.38 and a fifty-two week high of $27.59. The firm has a market capitalization of $7.88 billion, a PE ratio of 8.14, a PEG ratio of 1.01 and a beta of 1.50.
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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