Zacks: Brokerages Expect Invesco PLC (IVZ) Will Announce Quarterly Sales of $1.36 Billion

Wall Street analysts expect Invesco PLC (NYSE:IVZ) to post sales of $1.36 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Invesco PLC’s earnings, with estimates ranging from $1.35 billion to $1.37 billion. Invesco PLC reported sales of $1.19 billion in the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The business is expected to issue its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Invesco PLC will report full year sales of $1.36 billion for the current financial year, with estimates ranging from $5.14 billion to $5.24 billion. For the next year, analysts forecast that the business will post sales of $5.65 billion per share, with estimates ranging from $5.51 billion to $5.74 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Invesco PLC.

Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $976.60 million for the quarter, compared to analyst estimates of $940.96 million. Invesco PLC had a return on equity of 13.02% and a net margin of 18.99%. The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share.

A number of equities analysts have commented on IVZ shares. Citigroup Inc. boosted their price objective on Invesco PLC from $38.50 to $39.50 and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. ValuEngine raised Invesco PLC from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $41.00 price objective on shares of Invesco PLC in a research note on Sunday, July 30th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $39.00 price objective on shares of Invesco PLC in a research note on Sunday, July 30th. Finally, Zacks Investment Research raised Invesco PLC from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $38.50.

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In related news, insider Colin Meadows sold 54,215 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total value of $1,952,282.15. Following the completion of the sale, the insider now owns 164,420 shares in the company, valued at $5,920,764.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVZ. Capstone Asset Management Co. increased its holdings in Invesco PLC by 1.5% in the second quarter. Capstone Asset Management Co. now owns 31,632 shares of the asset manager’s stock valued at $1,113,000 after purchasing an additional 467 shares during the last quarter. NN Investment Partners Holdings N.V. increased its holdings in Invesco PLC by 428.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 15,396 shares of the asset manager’s stock valued at $542,000 after purchasing an additional 12,483 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Invesco PLC by 11.1% in the second quarter. State of Alaska Department of Revenue now owns 7,380 shares of the asset manager’s stock valued at $259,000 after purchasing an additional 740 shares during the last quarter. LS Investment Advisors LLC increased its holdings in Invesco PLC by 5.3% in the second quarter. LS Investment Advisors LLC now owns 20,771 shares of the asset manager’s stock valued at $731,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Invesco PLC by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 25,200 shares of the asset manager’s stock valued at $887,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Invesco PLC (NYSE IVZ) opened at $34.98 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market capitalization of $14,240.00, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 1.09 and a beta of 1.81. Invesco PLC has a one year low of $28.75 and a one year high of $37.75.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Tuesday, November 14th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.16 dividend on an annualized basis and a yield of 3.32%. Invesco PLC’s dividend payout ratio is presently 50.22%.

Invesco PLC 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.

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Earnings History and Estimates for Invesco PLC (NYSE:IVZ)

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