Invesco (NYSE:IVZ – Get Free Report) posted its earnings results on Tuesday. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01, Briefing.com reports. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was down 20.8% on a year-over-year basis.
Invesco Trading Up 1.3 %
Shares of IVZ traded up $0.23 during mid-day trading on Friday, hitting $17.85. The company had a trading volume of 168,226 shares, compared to its average volume of 4,235,338. The business’s 50-day simple moving average is $17.14 and its 200-day simple moving average is $16.11. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. Invesco has a 1-year low of $12.61 and a 1-year high of $18.79. The stock has a market cap of $8.03 billion, a PE ratio of -23.49, a P/E/G ratio of 1.10 and a beta of 1.44.
Invesco Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.205 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.59%. Invesco’s dividend payout ratio (DPR) is presently -109.33%.
Analysts Set New Price Targets
View Our Latest Research Report on IVZ
About Invesco
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.
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