News headlines about Eaton Vance (NYSE:EV) have been trending somewhat positive on Thursday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Eaton Vance earned a news impact score of 2.00 on their scale. InfoTrie also gave media stories about the asset manager an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Eaton Vance’s ranking:
Shares of NYSE:EV opened at $38.95 on Thursday. The firm has a market cap of $4.81 billion, a P/E ratio of 12.13, a P/E/G ratio of 0.90 and a beta of 1.64. The company has a debt-to-equity ratio of 0.56, a current ratio of 5.08 and a quick ratio of 8.35. Eaton Vance has a 12-month low of $38.92 and a 12-month high of $60.95.
Eaton Vance (NYSE:EV) last announced its earnings results on Tuesday, November 27th. The asset manager reported $0.85 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. The business had revenue of $435.97 million during the quarter, compared to analyst estimates of $435.02 million. Eaton Vance had a return on equity of 35.94% and a net margin of 22.44%. Analysts expect that Eaton Vance will post 3.22 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were issued a dividend of $0.35 per share. This is an increase from Eaton Vance’s previous quarterly dividend of $0.31. This represents a $1.40 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Tuesday, October 30th. Eaton Vance’s dividend payout ratio (DPR) is presently 43.61%.
Several brokerages recently issued reports on EV. Citigroup lowered their target price on Eaton Vance from $62.00 to $60.50 and set a “buy” rating for the company in a research report on Thursday, August 30th. Zacks Investment Research lowered Eaton Vance from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Deutsche Bank lowered their target price on Eaton Vance from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, September 27th. ValuEngine lowered Eaton Vance from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $48.00 target price on shares of Eaton Vance in a research report on Monday, November 19th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $52.25.
In other Eaton Vance news, Director Brian D. Langstraat sold 13,000 shares of the stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $47.50, for a total transaction of $617,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leo I. Higdon, Jr. sold 5,943 shares of the stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $43.97, for a total value of $261,313.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 149,984 shares of company stock valued at $6,618,100.
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About Eaton Vance
Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Further, the company operates as an adviser and distributor of investment companies and separate accounts.
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