Invesco Plc (NYSE:IVZ) is reporting second quarter financial results on Tuesday 28th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, IVZ is expected to report 2Q20 income of $ 0.44 per share from revenue of $ 1035.15 million.
For the full year, analysts anticipate top line of $ 4307.36 million, while looking forward to income of $ 1.64 per share bottom line.
Previous Quarter Performance
Invesco Plc revealed income for the first quarter of $ 0.34 per share, from the revenue of $ 1,146.00 million. The quarterly earnings lowered 39.29 percent while revenues increased 29.18 percent compared with the same quarter last year.
Street analysts expected Invesco Plc to report income of $ 0.52 per share on revenue of $ 1188.46 million for the first quarter. The bottom line results missed street analysts by $ 0.18 or 34.62 percent, at the same time, top line results fell short of analysts by $ 42.46 million or 3.57 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of IVZ was $ 10.71, representing a 67.87 % increase from the 52 week low of $ 6.38 and a 45.36 % decrease over the 52 week high of $ 19.60.
The company has a market capital of $ 4.91 billion and is part of the Financial Services sector and Asset Management industry.
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Recent Analyst recommendations
- On 10th July 2020, maintained by Bank of America at Neutral rating, with $ 11.00 target price.
- On 10th June 2020, maintained by Bank of America at Neutral rating, with $ 12.00 target price.
Recent Stock Dividend Announcement
On April 23, 2020, the board of directors authorized quarterly dividend of $ 0.155 per share to holders of record as of the close of business on May 11, 2020, with payment date of June 3, 2020 and ex-dividend date on May 8, 2020.
Conference Call
Invesco Plc will be hosting a conference call at 9:00 AM eastern time on 28th July 2020, to discuss its 2Q20 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.
