Invesco (IVZ) Scheduled to Post Earnings on Tuesday

Invesco (NYSE:IVZ - Get Free Report) will be issuing its quarterly earnings data after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The business's revenue for the quarter was down .4% compared to the same quarter last year. On average, analysts expect Invesco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Invesco Stock Performance

IVZ stock traded down $0.03 during midday trading on Tuesday, reaching $17.70. 4,632,535 shares of the company's stock traded hands, compared to its average volume of 4,245,510. The company has a 50-day moving average price of $16.87 and a two-hundred day moving average price of $16.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80. Invesco has a 52 week low of $12.48 and a 52 week high of $18.28. The firm has a market capitalization of $7.96 billion, a PE ratio of -23.60, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were issued a $0.205 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.82 annualized dividend and a dividend yield of 4.63%. Invesco's payout ratio is currently -109.33%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays assumed coverage on shares of Invesco in a report on Tuesday, August 27th. They issued an "equal weight" rating and a $18.00 price target on the stock. StockNews.com raised shares of Invesco from a "sell" rating to a "hold" rating in a report on Monday, October 7th. Evercore ISI upped their price target on shares of Invesco from $17.00 to $18.00 and gave the stock an "in-line" rating in a report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Invesco from $16.00 to $17.00 and gave the stock a "hold" rating in a report on Thursday, August 15th. Finally, The Goldman Sachs Group increased their target price on Invesco from $17.25 to $17.50 and gave the company a "neutral" rating in a research note on Thursday, October 10th. One research 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 MarketBeat.com, Invesco has an average rating of "Hold" and an average target price of $17.42.

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.