Invesco Plc (NYSE:IVZ) asset management services provider, is reporting third quarter earnings results on Tuesday 27th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.47 per share.
For the full year, analysts predict revenues of $ 4350.26 million, while looking forward to income of $ 1.62 per share.
Previous Quarter Performance
Invesco Plc communicated income for the second quarter of $ 0.35 per share, from the revenue of $ 1,034.00 million. The quarterly earnings down 46.15 percent while revenues up 0.24 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.44 per share from $ 1035.15 million in revenue. The bottom line results missed street analysts by $ 0.09 or 20.45 percent, at the same time, top line results fell short of analysts by $ 1.15 million or 0.11 percent.
Stock Performance
Shares of Invesco Plc traded low $ -0.07 or -0.50 percent on Friday, reaching $ 13.98 with volume of 3.88 million shares. Invesco Plc has traded high as $ 14.20 and has cracked $ 13.89 on the downward trend
According to the previous trading day, closing price of $ 13.98, representing a 120.22 % increase from the 52 week low of $ 6.38 and a 26.09 % decrease over the 52 week high of $ 19.01.
The company has a market capital of $ 6.42 billion and is part of the Financial Services sector and Asset Management industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 13.00 target price.
- On 13th October 2020, upgraded by Citigroup to Neutral from Sell rating, with $ 13.00 target price.
- On 9th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 12.00 target price.
- On 17th September 2020, upgraded by UBS Group to Neutral from Sell rating, with $ 11.00 target price.
Recent Stock Dividend Announcement
On July 28, 2020, the board of directors authorized quarterly dividend of $ 0.155 per share to holders of record as of the close of business on August 14, 2020, with payment date of September 1, 2020 and ex-dividend date on August 13, 2020.
Conference Call
Invesco Plc will be hosting a conference call at 9:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.invesco.com
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.
