Invesco (IVZ) Expected to Announce Quarterly Earnings on Tuesday

Invesco (NYSE:IVZ) is anticipated to post its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect Invesco to post earnings of $0.51 per share and revenue of $1,146,415.86 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. Invesco’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same quarter last year, the business earned $0.35 EPS. On average, analysts expect Invesco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Invesco Trading Up 2.0 %

IVZ stock opened at $17.20 on Tuesday. Invesco has a 52 week low of $14.16 and a 52 week high of $18.94. The company has a market cap of $7.73 billion, a price-to-earnings ratio of -18.70, a PEG ratio of 0.79 and a beta of 1.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $17.60 and a 200-day simple moving average of $17.17.

Wall Street Analysts Forecast Growth

IVZ has been the topic of several research analyst reports. Keefe, Bruyette & Woods reduced their price objective on Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company reduced their price target on shares of Invesco from $17.50 to $17.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. UBS Group increased their price objective on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Evercore ISI raised their price objective on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Invesco has an average rating of “Hold” and a consensus target price of $18.71.

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.