Invesco (NYSE:IVZ – Get Free Report) issued its earnings results on Tuesday. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03, Briefing.com reports. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Invesco had a positive return on equity of 7.64% and a negative net margin of 1.73%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share.
Invesco Stock Performance
IVZ remained flat at $17.11 during trading on Friday. The company had a trading volume of 601,313 shares, compared to its average volume of 4,439,400. The firm’s 50 day moving average is $15.49 and its 200-day moving average is $15.72. Invesco has a 1-year low of $12.48 and a 1-year high of $18.28. The company has a current ratio of 6.89, a quick ratio of 6.89 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $7.70 billion, a PE ratio of -22.80, a PEG ratio of 1.35 and a beta of 1.47.
Invesco Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a yield of 4.79%. Invesco’s dividend payout ratio is presently -109.33%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Invesco
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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