Evercore Partners (EVR) Announces Quarterly Earnings, Beats Expectations By $0.03 EPS
Evercore Partners (NYSE:EVR) issued its quarterly earnings data on Wednesday. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.03, Analyst Ratings Network.com reports. The company had revenue of $218.70 million for the quarter, compared to the consensus estimate of $208.45 million.
Shares of Evercore Partners (NYSE:EVR) opened at 57.68 on Wednesday. Evercore Partners has a 52-week low of $34.75 and a 52-week high of $63.66. The stock’s 50-day moving average is $59.22 and its 200-day moving average is $51.62. The company has a market cap of $1.893 billion and a price-to-earnings ratio of 37.94.
EVR has been the subject of a number of recent research reports. Analysts at Nomura initiated coverage on shares of Evercore Partners in a research note to investors on Thursday, January 9th. They set a “buy” rating and a $72.00 price target on the stock. On the ratings front, analysts at UBS AG reiterated a “neutral” rating on shares of Evercore Partners in a research note to investors on Monday, January 6th. They now have a $59.00 price target on the stock, up previously from $54.00. Finally, analysts at Zacks upgraded shares of Evercore Partners from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, January 3rd. They now have a $61.70 price target on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Evercore Partners currently has an average rating of “Hold” and a consensus price target of $61.18.
Evercore Partners Inc (NYSE:EVR) is an independent investment banking advisory firm.
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