News headlines about Eaton Vance (NYSE:EV) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eaton Vance earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news stories about the asset manager an impact score of 46.3108812276202 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
Eaton Vance (NYSE:EV) traded up $0.38 during trading hours on Friday, reaching $56.84. 384,810 shares of the company traded hands, compared to its average volume of 595,254. The company has a current ratio of 1.85, a quick ratio of 5.74 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $6,711.55, a PE ratio of 23.01, a P/E/G ratio of 0.94 and a beta of 1.89. Eaton Vance has a twelve month low of $41.08 and a twelve month high of $56.87.
Eaton Vance (NYSE:EV) last announced its quarterly earnings data on Tuesday, November 21st. The asset manager reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). The firm had revenue of $405.70 million for the quarter, compared to analysts’ expectations of $407.75 million. Eaton Vance had a net margin of 18.45% and a return on equity of 33.45%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS. analysts predict that Eaton Vance will post 2.98 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a dividend of $0.31 per share. The ex-dividend date was Monday, October 30th. This represents a $1.24 annualized dividend and a yield of 2.18%. This is a positive change from Eaton Vance’s previous quarterly dividend of $0.28. Eaton Vance’s dividend payout ratio (DPR) is currently 51.24%.
Several research analysts have recently issued reports on EV shares. Zacks Investment Research upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Thursday, November 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $53.00 target price on shares of Eaton Vance in a report on Friday, November 10th. Jefferies Group restated a “hold” rating and issued a $46.00 target price on shares of Eaton Vance in a report on Thursday, October 26th. BidaskClub cut shares of Eaton Vance from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Finally, Bank of America lifted their price target on shares of Eaton Vance from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $52.06.
In other news, CEO Thomas E. Faust, Jr. sold 73,982 shares of Eaton Vance stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $48.20, for a total value of $3,565,932.40. Following the completion of the transaction, the chief executive officer now owns 2,697,576 shares of the company’s stock, valued at approximately $130,023,163.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Frederick S. Marius sold 7,574 shares of Eaton Vance stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $47.99, for a total value of $363,476.26. Following the completion of the transaction, the insider now directly owns 26,128 shares of the company’s stock, valued at approximately $1,253,882.72. The disclosure for this sale can be found here. Insiders have sold 587,122 shares of company stock valued at $29,384,733 in the last three months.
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About Eaton Vance
Eaton Vance Corp. is engaged in the business of managing investment funds and providing investment management and advisory services to high-net-worth individuals and institutions. The Company operates as an investment advisor to funds and separate accounts. The Company, through its subsidiaries and other affiliates, manages active equity, income and alternative strategies across a range of investment styles and asset classes, including the United States and global equities, floating-rate bank loans, municipal bonds, global income, high-yield and investment grade bonds.
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