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.
TRADEMARK VIOLATION NOTICE: “Zacks: Brokerages Expect Invesco PLC (IVZ) Will Announce Quarterly Sales of $1.36 Billion” was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.truebluetribune.com/2017/11/18/zacks-brokerages-expect-invesco-plc-ivz-will-announce-quarterly-sales-of-1-36-billion.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Invesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco PLC and related companies with MarketBeat.com's FREE daily email newsletter.