Invesco Ltd. (NYSE:IVZ) Expected to Post Earnings of $0.36 Per Share

Wall Street brokerages expect Invesco Ltd. (NYSE:IVZ) to report $0.36 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Invesco’s earnings, with estimates ranging from $0.32 to $0.38. Invesco reported earnings per share of $0.65 during the same quarter last year, which would indicate a negative year over year growth rate of 44.6%. The company is scheduled to report its next quarterly earnings report on Thursday, July 23rd.

According to Zacks, analysts expect that Invesco will report full year earnings of $1.46 per share for the current financial year, with EPS estimates ranging from $1.36 to $1.55. For the next year, analysts anticipate that the business will report earnings of $1.58 per share, with EPS estimates ranging from $1.37 to $1.74. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Invesco.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Thursday, April 23rd. The asset manager reported $0.34 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.18). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Invesco had a return on equity of 11.04% and a net margin of 8.12%. The company’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter last year, the company earned $0.56 earnings per share.

A number of equities research analysts have issued reports on the company. Credit Suisse Group increased their price target on Invesco from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Zacks Investment Research lowered Invesco from a “hold” rating to a “sell” rating and set a $8.00 price target for the company. in a research note on Monday, April 6th. William Blair reiterated a “market perform” rating on shares of Invesco in a research note on Monday, April 27th. JPMorgan Chase & Co. cut their price target on Invesco from $20.00 to $8.00 in a research note on Monday, March 16th. Finally, Citigroup increased their price target on Invesco from $4.50 to $5.50 and gave the stock a “sell” rating in a research note on Thursday, May 28th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.13.

In other Invesco news, Director C Robert Henrikson purchased 12,660 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average price of $7.93 per share, with a total value of $100,393.80. Following the acquisition, the director now owns 55,334 shares in the company, valued at $438,798.62. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.89% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in IVZ. Prudential PLC bought a new position in shares of Invesco in the 1st quarter valued at about $43,899,000. Norges Bank bought a new position in shares of Invesco in the 4th quarter valued at about $69,260,000. Contrarius Investment Management Ltd bought a new position in shares of Invesco in the 1st quarter valued at about $27,675,000. Bank of New York Mellon Corp lifted its holdings in shares of Invesco by 34.8% in the 1st quarter. Bank of New York Mellon Corp now owns 11,814,228 shares of the asset manager’s stock valued at $107,274,000 after acquiring an additional 3,047,716 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Invesco by 67.4% in the 4th quarter. FMR LLC now owns 6,976,802 shares of the asset manager’s stock valued at $125,444,000 after acquiring an additional 2,808,522 shares during the last quarter. 65.42% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:IVZ traded up $0.41 during midday trading on Thursday, hitting $9.56. The company had a trading volume of 9,282,180 shares, compared to its average volume of 7,260,799. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 0.96 and a beta of 1.45. Invesco has a 12-month low of $6.38 and a 12-month high of $21.09. The company has a fifty day moving average of $7.98 and a two-hundred day moving average of $13.62.

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.

Featured Article: Why Invest in Dividend Kings

Get a free copy of the Zacks research report on Invesco (IVZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Invesco (NYSE:IVZ)

Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.