Eaton Vance (NYSE:EV) is scheduled to release its earnings data before the market opens on Tuesday, February 27th. Analysts expect Eaton Vance to post earnings of $0.70 per share for the quarter.
Eaton Vance (NYSE:EV) last issued its quarterly earnings data on Tuesday, November 21st. The asset manager reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.01). The company had revenue of $405.70 million for the quarter, compared to the consensus estimate of $407.75 million. Eaton Vance had a return on equity of 33.45% and a net margin of 18.45%. Eaton Vance’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 earnings per share. On average, analysts expect Eaton Vance to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Eaton Vance (EV) opened at $55.91 on Tuesday. The company has a market capitalization of $6,601.73, a price-to-earnings ratio of 23.10, a P/E/G ratio of 0.61 and a beta of 1.79. The company has a debt-to-equity ratio of 0.62, a quick ratio of 5.44 and a current ratio of 5.44. Eaton Vance has a 52 week low of $42.20 and a 52 week high of $60.95.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.24 dividend on an annualized basis and a yield of 2.22%. Eaton Vance’s payout ratio is currently 51.24%.
Several research firms have recently issued reports on EV. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $53.00 price target on shares of Eaton Vance in a research note on Friday, November 10th. Bank of America increased their price target on Eaton Vance from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Zacks Investment Research cut Eaton Vance from a “buy” rating to a “hold” rating in a research note on Monday, November 27th. ValuEngine raised Eaton Vance from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Jefferies Group reissued a “hold” rating and issued a $46.00 price target on shares of Eaton Vance in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $53.44.
In other news, Director Dorothy E. Puhy sold 9,490 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $60.49, for a total value of $574,050.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew J. Witkos sold 25,000 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $60.35, for a total value of $1,508,750.00. The disclosure for this sale can be found here.
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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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