News coverage about Eaton Vance (NYSE:EV) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eaton Vance earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 46.8527778814139 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
EV stock traded down $1.51 during mid-day trading on Friday, hitting $54.35. The company had a trading volume of 631,516 shares, compared to its average volume of 616,460. The stock has a market cap of $6,707.15, a P/E ratio of 21.92, a PEG ratio of 0.65 and a beta of 1.69. Eaton Vance has a 12-month low of $42.20 and a 12-month high of $60.95. The company has a quick ratio of 9.40, a current ratio of 9.40 and a debt-to-equity ratio of 0.60.
Eaton Vance (NYSE:EV) last announced its quarterly earnings results on Tuesday, February 27th. The asset manager reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. The business had revenue of $421.40 million for the quarter, compared to analysts’ expectations of $420.62 million. Eaton Vance had a net margin of 18.77% and a return on equity of 34.09%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. analysts anticipate that Eaton Vance will post 3.35 EPS for the current fiscal year.
EV has been the topic of several research analyst reports. Zacks Investment Research cut shares of Eaton Vance from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. JPMorgan Chase set a $58.00 price target on shares of Eaton Vance and gave the stock a “hold” rating in a research note on Wednesday, February 21st. ValuEngine upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Deutsche Bank boosted their price target on shares of Eaton Vance from $61.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Eaton Vance has an average rating of “Hold” and a consensus target price of $55.56.
In other news, CEO Matthew J. Witkos sold 25,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $60.35, for a total transaction of $1,508,750.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dorothy E. Puhy sold 9,490 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $60.49, for a total transaction of $574,050.10. 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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