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

Invesco (NYSE:IVZ) announced its quarterly earnings data on Tuesday. The asset manager reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07), Briefing.com reports. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share.

Invesco Stock Down 1.1 %

NYSE:IVZ traded down $0.16 during trading hours on Wednesday, reaching $14.42. 742,887 shares of the company traded hands, compared to its average volume of 4,646,446. The business’s 50-day moving average price is $15.75 and its two-hundred day moving average price is $15.45. The stock has a market capitalization of $6.48 billion, a P/E ratio of -19.32, a P/E/G ratio of 1.03 and a beta of 1.44. Invesco has a 1 year low of $12.48 and a 1 year high of $18.71. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.77.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Monday, May 13th. This is a positive change from Invesco’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a dividend yield of 5.69%. Invesco’s payout ratio is currently -108.11%.

Analyst Ratings Changes

IVZ has been the topic of a number of research reports. Wells Fargo & Company decreased their price objective on Invesco from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Royal Bank of Canada lifted their price target on Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 18th. TheStreet cut Invesco from a “b-” rating to a “c” rating in a research note on Friday, February 23rd. UBS Group decreased their price target on Invesco from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, January 29th. Finally, The Goldman Sachs Group decreased their price target on Invesco from $18.00 to $17.75 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.46.

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.