Invesco Ltd. (NYSE:IVZ) Expected to Post Earnings of $0.57 Per Share

Equities research analysts expect that Invesco Ltd. (NYSE:IVZ) will announce $0.57 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Invesco’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.61. Invesco posted earnings per share of $0.66 during the same quarter last year, which would indicate a negative year-over-year growth rate of 13.6%. The business is scheduled to issue its next 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 financial year, analysts expect that the firm will post earnings of $2.71 per share, with EPS estimates ranging from $2.58 to $2.90. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Invesco.

Invesco (NYSE:IVZ) last released its earnings results on Thursday, April 25th. The asset manager reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $887.10 million during the quarter, compared to the consensus estimate of $884.93 million. Invesco had a return on equity of 10.48% and a net margin of 15.59%. The company’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS.

A number of analysts have recently weighed in on the company. Deutsche Bank upped their target price on Rockwell Automation from $173.00 to $186.00 and gave the company a “hold” rating in a research report on Friday, April 26th. UBS Group set a $15.00 target price on Hain Celestial Group and gave the company a “sell” rating in a research report on Monday, May 13th. Jefferies Financial Group upped their target price on Avid Technology from $6.50 to $8.50 and gave the company a “hold” rating in a research report on Friday, June 7th. William Blair reiterated a “market perform” rating on shares of Invesco in a research report on Thursday, April 25th. Finally, Edward Jones downgraded Invesco from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $22.09.

In other Invesco news, Director Rod Canion acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of $19.84 per share, for a total transaction of $198,400.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ltd. Invesco acquired 2,222,222 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of $4.50 per share, with a total value of $9,999,999.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 2,252,222 shares of company stock valued at $10,619,199. 1.90% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. FDx Advisors Inc. increased its holdings in Invesco by 55.6% in the 2nd quarter. FDx Advisors Inc. now owns 31,951 shares of the asset manager’s stock worth $654,000 after purchasing an additional 11,418 shares in the last quarter. Bessemer Group Inc. increased its holdings in Invesco by 1,554.2% in the 2nd quarter. Bessemer Group Inc. now owns 256,762 shares of the asset manager’s stock worth $5,253,000 after purchasing an additional 241,240 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Invesco by 14.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 84,332 shares of the asset manager’s stock worth $1,725,000 after purchasing an additional 10,556 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in Invesco in the 2nd quarter worth about $318,000. Finally, Bay Harbor Wealth Management LLC increased its holdings in Invesco by 66.0% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 5,881 shares of the asset manager’s stock worth $120,000 after purchasing an additional 2,338 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Shares of NYSE:IVZ traded up $0.10 during trading on Friday, reaching $19.77. 3,630,225 shares of the company traded hands, compared to its average volume of 4,610,239. The business’s 50 day moving average price is $20.38. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 1.01 and a beta of 1.50. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.52 and a quick ratio of 1.52. Invesco has a 52 week low of $15.38 and a 52 week high of $27.59.

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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