Invesco PLC (IVZ) Expected to Announce Quarterly Sales of $1.36 Billion
Equities research analysts forecast that Invesco PLC (NYSE:IVZ) will post $1.36 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Invesco’s earnings. The highest sales estimate is $1.37 billion and the lowest is $1.35 billion. Invesco posted sales of $1.19 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The company is scheduled to issue its next quarterly earnings results on Thursday, January 25th.
On average, analysts expect that Invesco will report full-year sales of $1.36 billion for the current year, with estimates ranging from $5.14 billion to $5.24 billion. For the next year, analysts expect that the company will post sales of $5.65 billion per share, with estimates ranging from $5.51 billion to $5.74 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Invesco.
Invesco (NYSE:IVZ) last issued its earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. The company had revenue of $976.60 million for the quarter, compared to analyst estimates of $940.96 million. Invesco had a return on equity of 13.02% and a net margin of 18.99%. The business’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS.
In related news, insider Colin Meadows sold 54,215 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total transaction of $1,952,282.15. Following the completion of the sale, the insider now owns 164,420 shares in the company, valued at approximately $5,920,764.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Sun Life Financial INC acquired a new position in Invesco in the 3rd quarter valued at approximately $145,000. Valeo Financial Advisors LLC acquired a new position in Invesco in the 3rd quarter valued at approximately $160,000. C M Bidwell & Associates Ltd. acquired a new position in Invesco in the 2nd quarter valued at approximately $185,000. ETRADE Capital Management LLC acquired a new position in shares of Invesco in the 3rd quarter worth approximately $205,000. Finally, Financial Counselors Inc. acquired a new position in shares of Invesco in the 2nd quarter worth approximately $215,000. 81.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Invesco (NYSE IVZ) opened at $36.63 on Wednesday. The stock has a market capitalization of $14,740.29, a PE ratio of 14.20, a PEG ratio of 1.14 and a beta of 1.81. Invesco has a 52 week low of $28.75 and a 52 week high of $37.75. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Tuesday, November 14th were paid a dividend of $0.29 per share. The ex-dividend date was Monday, November 13th. This represents a $1.16 annualized dividend and a yield of 3.17%. Invesco’s payout ratio is 50.44%.
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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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