Invesco PLC (IVZ) Expected to Post Earnings of $0.61 Per Share
Wall Street analysts expect Invesco PLC (NYSE:IVZ) to report $0.61 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Invesco PLC’s earnings, with estimates ranging from $0.60 to $0.64. Invesco PLC reported earnings of $0.56 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.9%. The firm is expected to issue its next earnings results before the market opens on Thursday, July 27th.
According to Zacks, analysts expect that Invesco PLC will report full year earnings of $2.55 per share for the current financial year, with EPS estimates ranging from $2.47 to $2.68. For the next year, analysts forecast that the business will post earnings of $2.83 per share, with EPS estimates ranging from $2.63 to $3.05. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Invesco PLC.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings results on Thursday, April 27th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.05. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.22 billion. Invesco PLC had a net margin of 18.94% and a return on equity of 12.51%. Invesco PLC’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS.
IVZ has been the subject of several recent analyst reports. Jefferies Group LLC restated a “buy” rating and set a $33.00 price objective on shares of Invesco PLC in a research report on Thursday, April 6th. Credit Suisse Group restated a “hold” rating and set a $34.00 price objective on shares of Invesco PLC in a research report on Friday, April 7th. Deutsche Bank AG boosted their price objective on shares of Invesco PLC from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. ValuEngine downgraded shares of Invesco PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Citigroup Inc. upgraded shares of Invesco PLC from a “neutral” rating to a “buy” rating and upped their price target for the company from $35.00 to $37.50 in a research report on Monday, June 5th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Invesco PLC has a consensus rating of “Buy” and an average target price of $36.96.
In other Invesco PLC news, insider Philip Taylor sold 60,000 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $32.40, for a total value of $1,944,000.00. Following the transaction, the insider now directly owns 146,222 shares of the company’s stock, valued at approximately $4,737,592.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Financial Architects Inc boosted its position in Invesco PLC by 54.3% in the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock worth $109,000 after buying an additional 1,082 shares during the period. IFP Advisors Inc boosted its position in Invesco PLC by 5.9% in the first quarter. IFP Advisors Inc now owns 3,950 shares of the asset manager’s stock worth $121,000 after buying an additional 221 shares during the period. Global X Management Co. LLC boosted its position in Invesco PLC by 29.4% in the first quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock worth $171,000 after buying an additional 1,267 shares during the period. Duncker Streett & Co. Inc. boosted its position in Invesco PLC by 110.1% in the first quarter. Duncker Streett & Co. Inc. now owns 6,067 shares of the asset manager’s stock worth $186,000 after buying an additional 3,180 shares during the period. Finally, Americafirst Capital Management LLC bought a new position in Invesco PLC during the first quarter worth $188,000. 79.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of Invesco PLC (IVZ) opened at 36.53 on Wednesday. The firm has a market cap of $14.86 billion, a price-to-earnings ratio of 16.62 and a beta of 1.81. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $36.83. The stock has a 50 day moving average of $35.17 and a 200-day moving average of $32.38.
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Invesco PLC Company Profile
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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