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

Invesco (NYSE:IVZ) announced its earnings results on Tuesday. The asset manager reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07), Briefing.com reports. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.11%. Invesco’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 earnings per share.

Invesco Stock Performance

IVZ stock traded up $0.02 on Friday, hitting $14.53. 829,587 shares of the company’s stock traded hands, compared to its average volume of 4,676,327. 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 has a 1-year low of $12.48 and a 1-year high of $18.71. The stock has a fifty day moving average of $15.70 and a 200-day moving average of $15.43.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be paid a $0.205 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.82 annualized dividend and a dividend yield of 5.64%. This is a boost from Invesco’s previous quarterly dividend of $0.20. Invesco’s payout ratio is currently -106.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IVZ shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $17.00 price target (down previously from $18.00) on shares of Invesco in a research report on Wednesday. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $17.00 target price (down previously from $19.00) on shares of Invesco in a research note on Wednesday. Wells Fargo & Company cut their price target on Invesco from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Royal Bank of Canada increased their target price on Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a report on Wednesday. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Invesco has an average 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.