Press coverage about Eaton Vance (NYSE:EV) has been trending neutral this week, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Eaton Vance earned a media sentiment score of 0.33 on their scale. InfoTrie also gave news stories about the asset manager an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the immediate future.
A number of analysts have issued reports on EV shares. Jefferies Financial Group reiterated a “hold” rating and set a $45.00 price target on shares of Eaton Vance in a research note on Monday, November 19th. Zacks Investment Research reiterated a “sell” rating on shares of Eaton Vance in a research note on Tuesday, November 13th. ValuEngine lowered shares of Eaton Vance from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Deutsche Bank cut their price target on shares of Eaton Vance from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday, September 27th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $48.00 price target on shares of Eaton Vance in a research note on Monday, November 19th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $52.25.
Shares of NYSE:EV opened at $35.29 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 5.08 and a current ratio of 5.67. Eaton Vance has a 1 year low of $32.28 and a 1 year high of $60.95. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 0.77 and a beta of 1.60.
Eaton Vance (NYSE:EV) last released its earnings results on Tuesday, November 27th. The asset manager reported $0.85 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.85. Eaton Vance had a net margin of 22.44% and a return on equity of 35.94%. The firm had revenue of $435.97 million for the quarter, compared to analyst estimates of $435.02 million. Analysts anticipate that Eaton Vance will post 3.18 EPS for the current fiscal year.
In related news, CEO Thomas E. Faust, Jr. sold 54,134 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $43.38, for a total transaction of $2,348,332.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Winthrop H. Smith, Jr. bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 18th. The shares were purchased at an average price of $34.89 per share, for a total transaction of $348,900.00. The disclosure for this purchase can be found here. Insiders have sold 149,984 shares of company stock worth $6,618,100 over the last 90 days.
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Eaton Vance Company Profile
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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