Invesco (NYSE:IVZ) Issues Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Invesco (NYSE:IVZ) announced its quarterly earnings data on Tuesday. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07), Briefing.com reports. Invesco had a positive return on equity of 7.11% and a negative net margin of 1.74%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $0.38 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis.

Invesco Trading Up 0.1 %

Shares of IVZ stock traded up $0.02 during mid-day trading on Friday, reaching $14.53. The stock had a trading volume of 829,587 shares, compared to its average volume of 4,676,327. The business’s fifty day moving average is $15.70 and its 200-day moving average is $15.43. Invesco has a 1-year low of $12.48 and a 1-year high of $18.71. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.54.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be paid a $0.205 dividend. This is a positive change from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.82 dividend on an annualized basis and a yield of 5.64%. Invesco’s dividend payout ratio (DPR) is -106.67%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IVZ. JPMorgan Chase & Co. decreased their target price on Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Morgan Stanley lifted their price target on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. The Goldman Sachs Group dropped their price objective on Invesco from $17.75 to $16.75 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $17.00 target price (down from $19.00) on shares of Invesco in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.79.

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.