Wall Street analysts expect that Invesco Ltd. (NYSE:IVZ) will announce $1.74 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Invesco’s earnings. The highest sales estimate is $1.79 billion and the lowest is $1.69 billion. Invesco reported sales of $1.26 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 38.1%. The business is expected to announce its next quarterly earnings report on Wednesday, January 29th.

According to Zacks, analysts expect that Invesco will report full year sales of $6.25 billion for the current financial year, with estimates ranging from $6.06 billion to $6.35 billion. For the next financial year, analysts expect that the company will report sales of $6.96 billion, with estimates ranging from $6.69 billion to $7.23 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Invesco.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.13. Invesco had a net margin of 8.86% and a return on equity of 10.60%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $0.66 EPS. The firm’s revenue was up 27.1% compared to the same quarter last year.

A number of research analysts have commented on the stock. BMO Capital Markets reduced their price objective on shares of Invesco from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Deutsche Bank raised shares of Invesco from a “hold” rating to a “buy” rating and increased their target price for the stock from $18.00 to $21.00 in a report on Wednesday. Barclays increased their target price on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Citigroup set a $16.50 target price on shares of Invesco and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Wells Fargo & Co increased their target price on shares of Invesco from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Invesco presently has an average rating of “Hold” and a consensus price target of $19.14.

Several large investors have recently modified their holdings of IVZ. Quest Capital Management Inc. ADV acquired a new stake in shares of Invesco in the 3rd quarter worth about $28,000. TRUE Private Wealth Advisors acquired a new stake in shares of Invesco in the 2nd quarter worth about $29,000. Gables Capital Management Inc. increased its holdings in shares of Invesco by 77.1% in the 3rd quarter. Gables Capital Management Inc. now owns 1,837 shares of the asset manager’s stock worth $29,000 after acquiring an additional 800 shares during the period. Asset Dedication LLC increased its holdings in shares of Invesco by 142.9% in the 2nd quarter. Asset Dedication LLC now owns 1,700 shares of the asset manager’s stock worth $34,000 after acquiring an additional 1,000 shares during the period. Finally, Captrust Financial Advisors increased its holdings in shares of Invesco by 333.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,837 shares of the asset manager’s stock worth $38,000 after acquiring an additional 1,413 shares during the period. 67.25% of the stock is currently owned by institutional investors.

NYSE IVZ traded down $0.36 during trading hours on Tuesday, reaching $17.82. 3,997,751 shares of the company traded hands, compared to its average volume of 4,864,206. Invesco has a 12 month low of $15.15 and a 12 month high of $22.18. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $8.22 billion, a PE ratio of 7.33, a PEG ratio of 0.90 and a beta of 1.54. The company has a 50 day moving average of $16.58 and a two-hundred day moving average of $18.52.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.96%. Invesco’s dividend payout ratio (DPR) is 51.03%.

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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Earnings History and Estimates for Invesco (NYSE:IVZ)

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