Invesco (NYSE:IVZ – Get Free Report) issued its quarterly earnings data on Tuesday. The asset manager reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01, Briefing.com reports. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The company’s revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share.
Invesco Stock Up 1.4 %
Invesco stock traded up $0.24 during trading hours on Friday, hitting $17.86. The company had a trading volume of 235,794 shares, compared to its average volume of 4,235,664. Invesco has a fifty-two week low of $12.61 and a fifty-two week high of $18.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 5.80. The firm has a market capitalization of $8.03 billion, a P/E ratio of -23.49, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. The firm’s fifty day moving average is $17.14 and its 200-day moving average is $16.11.
Invesco Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Thursday, November 14th. Invesco’s payout ratio is presently -109.33%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on IVZ
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.
Featured Stories
- Five stocks we like better than Invesco
- What Are Trending Stocks? Trending Stocks Explained
- Texas Roadhouse Stock Steering for New Highs This Year
- How to Choose Top Rated Stocks
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- How to Invest in Biotech Stocks
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.