Wall Street analysts forecast that Invesco Ltd. (NYSE:IVZ) will post $1.38 billion in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Invesco’s earnings, with the lowest sales estimate coming in at $1.37 billion and the highest estimate coming in at $1.38 billion. Invesco reported sales of $1.19 billion in the same quarter last year, which would suggest a positive year over year growth rate of 16%. The business is expected to report its next earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Invesco will report full-year sales of $1.38 billion for the current financial year, with estimates ranging from $5.75 billion to $5.83 billion. For the next financial year, analysts expect that the business will post sales of $6.10 billion per share, with estimates ranging from $5.93 billion to $6.18 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Invesco.
Invesco (NYSE:IVZ) last issued its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.51%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $982.86 million. During the same quarter last year, the company earned $0.59 earnings per share. Invesco’s revenue for the quarter was up 16.3% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. lifted its stake in Invesco by 144.5% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 5,097,202 shares of the asset manager’s stock worth $178,605,000 after purchasing an additional 3,012,871 shares during the last quarter. Capital International Investors lifted its stake in Invesco by 9.2% during the third quarter. Capital International Investors now owns 13,917,400 shares of the asset manager’s stock worth $487,666,000 after purchasing an additional 1,169,200 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Invesco by 19.2% during the third quarter. Ameriprise Financial Inc. now owns 4,997,691 shares of the asset manager’s stock worth $175,007,000 after purchasing an additional 804,250 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Invesco by 5,742.9% during the third quarter. Asset Management One Co. Ltd. now owns 584,819 shares of the asset manager’s stock worth $20,492,000 after purchasing an additional 574,810 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Invesco by 6.3% during the third quarter. American Century Companies Inc. now owns 9,478,671 shares of the asset manager’s stock worth $332,133,000 after purchasing an additional 563,407 shares during the last quarter. 80.36% of the stock is owned by institutional investors and hedge funds.
Shares of Invesco (IVZ) opened at $32.52 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.50 and a quick ratio of 1.50. Invesco has a 1 year low of $29.36 and a 1 year high of $38.43. The stock has a market cap of $13,205.61, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 0.87 and a beta of 1.74.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Thursday, February 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Wednesday, February 14th. Invesco’s payout ratio is currently 42.34%.
ILLEGAL ACTIVITY WARNING: “$1.38 Billion in Sales Expected for Invesco Ltd. (IVZ) This Quarter” was first posted by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/02/13/1-38-billion-in-sales-expected-for-invesco-ltd-ivz-this-quarter.html.
Invesco 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.