Invesco (IVZ) to Release Quarterly Earnings on Tuesday

Invesco (NYSE:IVZ) is projected to post its quarterly earnings results before the market opens on Tuesday, April 22nd. Analysts expect Invesco to post earnings of $0.40 per share and revenue of $1.11 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, analysts expect Invesco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Invesco Trading Up 1.5 %

Invesco stock opened at $12.97 on Tuesday. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 0.98 and a beta of 1.26. The firm has a 50-day moving average of $15.90 and a 200-day moving average of $17.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. Invesco has a one year low of $11.60 and a one year high of $19.55.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 6.32%. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on IVZ shares. UBS Group boosted their price target on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Bank of America lowered their target price on shares of Invesco from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Citigroup cut their price target on shares of Invesco from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, March 31st. Barclays boosted their price objective on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group cut their target price on shares of Invesco from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Invesco currently has an average rating of “Hold” and an average target price of $17.97.

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.