Eaton Vance Corporation (NYSE:EV) will release its earnings data before the market opens on Tuesday, November 21st. Analysts expect Eaton Vance Corporation to post earnings of $0.71 per share for the quarter.
Eaton Vance Corporation (NYSE:EV) last announced its quarterly earnings results on Wednesday, August 23rd. The asset manager reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). The company had revenue of $393.70 million for the quarter, compared to analysts’ expectations of $398.74 million. Eaton Vance Corporation had a net margin of 18.03% and a return on equity of 34.47%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 earnings per share. On average, analysts expect Eaton Vance Corporation to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Eaton Vance Corporation (NYSE:EV) opened at $51.79 on Friday. The company has a current ratio of 5.74, a quick ratio of 5.74 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $6,040.00, a P/E ratio of 21.93, a P/E/G ratio of 0.98 and a beta of 1.85. Eaton Vance Corporation has a 12-month low of $38.98 and a 12-month high of $52.36.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a dividend of $0.31 per share. This is a boost from Eaton Vance Corporation’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Monday, October 30th. Eaton Vance Corporation’s dividend payout ratio (DPR) is currently 53.91%.
In other Eaton Vance Corporation news, insider Frederick S. Marius sold 8,915 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $47.55, for a total value of $423,908.25. Following the sale, the insider now directly owns 30,955 shares of the company’s stock, valued at $1,471,910.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dorothy E. Puhy sold 5,953 shares of the firm’s 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. Over the last three months, insiders sold 596,037 shares of company stock worth $29,808,641.
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Several brokerages recently weighed in on EV. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $53.00 price target on shares of Eaton Vance Corporation in a research report on Friday, November 10th. Zacks Investment Research upgraded Eaton Vance Corporation from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Thursday, November 2nd. Bank of America Corporation lifted their price target on Eaton Vance Corporation from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Jefferies Group LLC reiterated a “hold” rating and set a $46.00 price target on shares of Eaton Vance Corporation in a research report on Thursday, October 26th. Finally, Deutsche Bank AG assumed coverage on Eaton Vance Corporation in a report on Tuesday, October 17th. They issued a “buy” rating and a $57.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $52.06.
About Eaton Vance Corporation
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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