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

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

Invesco Trading Down 2.4 %

Shares of Invesco stock traded down $0.35 during trading on Wednesday, reaching $14.23. The company’s stock had a trading volume of 3,184,688 shares, compared to its average volume of 4,674,117. Invesco has a 52-week low of $12.48 and a 52-week high of $18.71. The company has a market cap of $6.39 billion, a price-to-earnings ratio of -19.34, a PEG ratio of 1.03 and a beta of 1.44. The firm’s 50-day moving average is $15.75 and its two-hundred day moving average is $15.45. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.77.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.82 annualized dividend and a yield of 5.76%. This is a boost from Invesco’s previous quarterly dividend of $0.20. Invesco’s payout ratio is currently -108.11%.

Analysts Set New Price Targets

IVZ has been the subject of a number of research analyst reports. Royal Bank of Canada upped their target price on shares of Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 18th. TD Cowen assumed coverage on shares of Invesco in a research report on Thursday, January 4th. They set an “outperform” rating and a $21.00 price target on the stock. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. UBS Group dropped their target price on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, January 29th. Finally, Morgan Stanley upped their target price on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.25.

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.