Invesco (NYSE:IVZ) Posts Quarterly Earnings Results


Share on StockTwits

Invesco (NYSE:IVZ) posted its quarterly earnings results on Monday. The asset manager reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.15, MarketWatch Earnings reports. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.20 billion. Invesco had a return on equity of 9.62% and a net margin of 9.78%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 EPS.

IVZ opened at $20.94 on Wednesday. The business has a fifty day simple moving average of $18.47 and a 200 day simple moving average of $13.96. The company has a market capitalization of $9.62 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.38. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.76 and a quick ratio of 1.76. Invesco has a 1 year low of $6.38 and a 1 year high of $22.10.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 2nd. Investors of record on Tuesday, February 16th will be paid a $0.155 dividend. The ex-dividend date is Friday, February 12th. This represents a $0.62 annualized dividend and a yield of 2.96%. Invesco’s dividend payout ratio (DPR) is presently 24.31%.

Several research analysts have weighed in on IVZ shares. Barclays boosted their price target on Invesco from $15.00 to $18.00 and gave the stock an “underweight” rating in a research report on Monday. Citigroup raised Invesco from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $4.50 to $13.00 in a research report on Monday, October 12th. BMO Capital Markets boosted their price target on Invesco from $19.00 to $22.00 and gave the stock a “market perform” rating in a research report on Wednesday. Morgan Stanley boosted their price target on Invesco from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 20th. Finally, Keefe, Bruyette & Woods raised Invesco from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $15.00 to $16.50 in a research report on Tuesday, October 27th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.04.

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.

Featured Story: Margin

Earnings History 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.