Equities Analysts Set Expectations for Invesco Ltd.’s FY2018 Earnings (NYSE:IVZ)

Equities Analysts Set Expectations for Invesco Ltd.’s FY2018 Earnings (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) – Investment analysts at Jefferies Financial Group lowered their FY2018 earnings estimates for shares of Invesco in a research report issued on Wednesday, January 9th, according to Zacks Investment Research. Jefferies Financial Group analyst D. Fannon now anticipates that the asset manager will post earnings per share of $2.55 for the year, down from their previous estimate of $2.61. Jefferies Financial Group also issued estimates for Invesco’s Q4 2018 earnings at $0.55 EPS, Q1 2019 earnings at $0.51 EPS, Q2 2019 earnings at $0.57 EPS, Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $0.60 EPS, FY2019 earnings at $2.25 EPS and FY2020 earnings at $2.53 EPS.

Other equities research analysts have also issued research reports about the company. Barclays reiterated a “buy” rating and issued a $19.00 target price on shares of Invesco in a research note on Thursday, January 10th. Morgan Stanley lowered their target price on Invesco from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 9th. Credit Suisse Group restated a “neutral” rating and set a $27.00 price objective (down previously from $34.00) on shares of Invesco in a research note on Friday, October 19th. Deutsche Bank lowered their price objective on Invesco from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, November 16th. Finally, Zacks Investment Research upgraded Invesco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Invesco has an average rating of “Hold” and an average target price of $25.18.

Shares of IVZ stock traded up $0.14 during trading hours on Friday, reaching $18.36. The company had a trading volume of 5,477,351 shares, compared to its average volume of 4,877,226. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.55 and a current ratio of 1.55. Invesco has a twelve month low of $15.38 and a twelve month high of $35.70. The firm has a market cap of $7.49 billion, a P/E ratio of 7.56, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51.

Invesco (NYSE:IVZ) last posted its earnings results on Wednesday, January 30th. The asset manager reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.10). Invesco had a net margin of 16.61% and a return on equity of 10.88%. The company had revenue of $919.20 million during the quarter, compared to analyst estimates of $913.37 million. During the same quarter last year, the business posted $0.73 EPS. Invesco’s quarterly revenue was down 8.5% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $1.20 annualized dividend and a dividend yield of 6.54%. Invesco’s payout ratio is 49.38%.

Several institutional investors and hedge funds have recently modified their holdings of the company. LS Investment Advisors LLC grew its position in shares of Invesco by 37.5% in the 4th quarter. LS Investment Advisors LLC now owns 32,712 shares of the asset manager’s stock worth $548,000 after acquiring an additional 8,916 shares in the last quarter. Dupont Capital Management Corp grew its position in shares of Invesco by 192.2% in the 4th quarter. Dupont Capital Management Corp now owns 15,299 shares of the asset manager’s stock worth $256,000 after acquiring an additional 10,063 shares in the last quarter. OLD National Bancorp IN acquired a new position in shares of Invesco in the 4th quarter worth approximately $668,000. Rhumbline Advisers grew its position in shares of Invesco by 2.4% in the 4th quarter. Rhumbline Advisers now owns 725,150 shares of the asset manager’s stock worth $12,139,000 after acquiring an additional 16,793 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in shares of Invesco by 121.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 79,365 shares of the asset manager’s stock worth $1,329,000 after acquiring an additional 43,473 shares in the last quarter. Institutional investors own 79.70% of the company’s stock.

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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