Invesco (IVZ) Set to Announce Earnings on Thursday
Invesco (NYSE:IVZ) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Invesco to post earnings of $0.50 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Invesco (NYSE:IVZ) last issued its quarterly earnings results on Wednesday, January 30th. The asset manager reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.10). Invesco had a net margin of 16.61% and a return on equity of 10.96%. The company had revenue of $919.20 million for the quarter, compared to the consensus estimate of $913.37 million. During the same quarter in the previous year, the business earned $0.73 earnings per share. Invesco’s revenue was down 8.5% compared to the same quarter last year. On average, analysts expect Invesco to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NYSE:IVZ opened at $21.38 on Tuesday. Invesco has a 1-year low of $15.38 and a 1-year high of $31.47. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.85. The firm has a market cap of $8.55 billion, a PE ratio of 8.80, a P/E/G ratio of 1.10 and a beta of 1.53.
In other news, major shareholder Ltd. Invesco bought 425,531 shares of the company’s stock in a transaction on Friday, February 8th. The shares were acquired at an average cost of $2.64 per share, with a total value of $1,123,401.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rod Canion bought 10,000 shares of the company’s stock in a transaction on Friday, February 8th. The stock was purchased at an average cost of $17.97 per share, for a total transaction of $179,700.00. Following the completion of the transaction, the director now directly owns 64,451 shares of the company’s stock, valued at approximately $1,158,184.47. The disclosure for this purchase can be found here. Insiders purchased a total of 455,531 shares of company stock valued at $1,680,902 over the last quarter. 1.90% of the stock is owned by corporate insiders.
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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