Invesco (NYSE:IVZ) Announces Earnings Results, Beats Expectations By $0.01 EPS

Invesco (NYSE:IVZ) issued its quarterly earnings results on Tuesday. The asset manager reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01, Briefing.com reports. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. Invesco’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS.

Invesco Price Performance

Shares of NYSE IVZ traded up $0.23 during midday trading on Friday, hitting $17.85. The company had a trading volume of 168,226 shares, compared to its average volume of 4,235,338. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. Invesco has a twelve month low of $12.61 and a twelve month high of $18.79. The business has a 50-day simple moving average of $17.14 and a two-hundred day simple moving average of $16.11. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of -23.49, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is -109.33%.

Analyst Ratings Changes

A number of brokerages recently weighed in on IVZ. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Royal Bank of Canada increased their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Wells Fargo & Company increased their price target on shares of Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised their target price on shares of Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $18.38.

Invesco Company Profile

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.