Invesco (NYSE:IVZ) will release its earnings data on Wednesday, January 24th. Analysts expect Invesco to post earnings of $0.68 per share for the quarter.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.05. Invesco had a net margin of 18.99% and a return on equity of 13.02%. The firm had revenue of $976.60 million for the quarter, compared to the consensus estimate of $940.96 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, analysts expect Invesco to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Invesco (NYSE:IVZ) opened at $37.20 on Wednesday. Invesco has a twelve month low of $28.75 and a twelve month high of $38.42. The stock has a market cap of $15,140.00, a price-to-earnings ratio of 16.10, a P/E/G ratio of 1.03 and a beta of 1.80. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75.

A number of brokerages recently issued reports on IVZ. Zacks Investment Research downgraded shares of Invesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Bank of America cut shares of Invesco from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research report on Monday, January 8th. JPMorgan Chase & Co. set a $45.00 price objective on shares of Invesco and gave the stock a “buy” rating in a research report on Monday, January 8th. Morgan Stanley cut shares of Invesco from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $40.00 to $39.00 in a research report on Wednesday, January 3rd. Finally, Royal Bank of Canada set a $47.00 price objective on shares of Invesco and gave the stock a “buy” rating in a research report on Saturday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $39.79.

In other news, insider Colin Meadows sold 54,215 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total value of $1,952,282.15. Following the completion of the sale, the insider now directly owns 164,420 shares in the company, valued at $5,920,764.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/17/invesco-ivz-set-to-announce-earnings-on-wednesday.html.

About Invesco

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.

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.