$1.76 Billion in Sales Expected for Invesco Ltd. (NYSE:IVZ) This Quarter

Equities research analysts expect Invesco Ltd. (NYSE:IVZ) to report $1.76 billion in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Invesco’s earnings. The highest sales estimate is $1.80 billion and the lowest is $1.72 billion. Invesco reported sales of $1.34 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 31.3%. The company is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, October 23rd.

On average, analysts expect that Invesco will report full-year sales of $6.27 billion for the current year, with estimates ranging from $6.09 billion to $6.37 billion. For the next financial year, analysts forecast that the company will post sales of $7.01 billion, with estimates ranging from $6.79 billion to $7.14 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Invesco.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Thursday, July 25th. The asset manager reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. Invesco had a return on equity of 10.23% and a net margin of 11.45%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $0.66 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis.

A number of analysts have recently weighed in on the company. Wells Fargo & Co reiterated a “market perform” rating and set a $17.00 target price (down from $23.00) on shares of Invesco in a research report on Thursday, October 10th. BMO Capital Markets assumed coverage on Invesco in a research report on Monday, October 7th. They set a “market perform” rating and a $18.00 target price for the company. Zacks Investment Research downgraded Invesco from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research report on Monday, September 23rd. Citigroup set a $20.00 target price on Invesco and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. downgraded Invesco from an “overweight” rating to a “neutral” rating and set a $22.00 target price for the company. in a research report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $20.42.

NYSE IVZ traded down $0.03 on Monday, reaching $15.62. The stock had a trading volume of 1,865,526 shares, compared to its average volume of 4,828,079. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a fifty day moving average of $16.29 and a two-hundred day moving average of $18.94. Invesco has a 1-year low of $15.15 and a 1-year high of $22.79. The company has a market cap of $7.38 billion, a P/E ratio of 6.43, a price-to-earnings-growth ratio of 0.86 and a beta of 1.54.

Several hedge funds have recently made changes to their positions in IVZ. Rehmann Capital Advisory Group lifted its position in shares of Invesco by 100.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the asset manager’s stock worth $26,000 after buying an additional 669 shares during the last quarter. TRUE Private Wealth Advisors bought a new stake in shares of Invesco during the 2nd quarter worth $29,000. Asset Dedication LLC raised its position in Invesco by 142.9% in the second quarter. Asset Dedication LLC now owns 1,700 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 1,000 shares during the last quarter. Captrust Financial Advisors raised its position in Invesco by 333.3% in the second quarter. Captrust Financial Advisors now owns 1,837 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 1,413 shares during the last quarter. Finally, Ossiam bought a new position in Invesco in the second quarter valued at about $47,000. Institutional investors and hedge funds own 67.82% of the company’s stock.

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.

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Earnings History and Estimates for Invesco (NYSE:IVZ)

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