Press coverage about Eaton Vance (NYSE:EV) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Eaton Vance earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 47.0746988476232 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
A number of equities analysts have recently commented on the company. ValuEngine raised Eaton Vance from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded Eaton Vance from a “buy” rating to a “hold” rating in a research report on Monday, November 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $53.00 price target on shares of Eaton Vance in a report on Friday, November 10th. Bank of America upped their price target on Eaton Vance from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $46.00 price target on shares of Eaton Vance in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Eaton Vance has a consensus rating of “Hold” and an average price target of $52.06.
Eaton Vance (NYSE EV) opened at $60.45 on Friday. The company has a quick ratio of 5.44, a current ratio of 5.44 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $7,137.82, a P/E ratio of 24.47, a P/E/G ratio of 0.91 and a beta of 1.90. Eaton Vance has a fifty-two week low of $41.40 and a fifty-two week high of $60.85.
Eaton Vance (NYSE:EV) last announced its quarterly earnings results on Tuesday, November 21st. The asset manager reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.01). The business had revenue of $405.70 million during the quarter, compared to analyst estimates of $407.75 million. Eaton Vance had a net margin of 18.45% and a return on equity of 33.45%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. equities analysts anticipate that Eaton Vance will post 3.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Tuesday, January 30th. Eaton Vance’s payout ratio is currently 51.24%.
In other news, CEO Thomas E. Faust, Jr. sold 72,314 shares of the stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $51.05, for a total value of $3,691,629.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dorothy E. Puhy sold 5,953 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $51.08, for a total value of $304,079.24. The disclosure for this sale can be found here. Insiders sold 174,146 shares of company stock valued at $8,952,337 over 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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