Invesco (IVZ) Projected to Post Earnings on Tuesday

Invesco (NYSE:IVZ - Get Free Report) will likely be releasing its earnings data before the market opens on Tuesday, April 22nd. Analysts expect Invesco to post earnings of $0.40 per share and revenue of $1.11 billion for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. On average, analysts expect Invesco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Invesco Stock Up 1.1 %

Shares of IVZ stock traded up $0.14 on Friday, hitting $12.78. The stock had a trading volume of 4,677,331 shares, compared to its average volume of 4,274,680. Invesco has a one year low of $11.60 and a one year high of $19.55. The business has a 50 day moving average price of $15.53 and a 200 day moving average price of $17.02. The company has a market cap of $5.72 billion, a PE ratio of 10.83, a P/E/G ratio of 0.98 and a beta of 1.26. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.205 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 6.42%. Invesco's payout ratio is presently 69.49%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IVZ. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Royal Bank of Canada started coverage on Invesco in a research note on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price objective for the company. Barclays decreased their price target on shares of Invesco from $20.00 to $13.00 and set an "equal weight" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Citigroup lowered their target price on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $17.03.

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.