Eaton Vance Corp (EV) Posts Quarterly Results
Eaton Vance Corp (NYSE:EV) released its earnings data on Wednesday. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01, American Banking & Market News reports. The company had revenue of $367.60 million for the quarter, compared to the consensus estimate of $365.83 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis.
Shares of Eaton Vance Corp (NYSE:EV) opened at 36.77 on Wednesday. Eaton Vance Corp has a 1-year low of $34.86 and a 1-year high of $43.82. The stock has a 50-day moving average of $36.68 and a 200-day moving average of $37.0. The company has a market cap of $4.294 billion and a price-to-earnings ratio of 20.50.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Eaton Vance Corp in a research note on Thursday, August 14th. They now have a $36.00 price target on the stock, down previously from $37.00. On the ratings front, analysts at Keefe, Bruyette & Woods cut their price target on shares of Eaton Vance Corp from $41.00 to $39.00 in a research note on Friday, August 8th. They now have a “market perform” rating on the stock. Finally, analysts at Susquehanna cut their price target on shares of Eaton Vance Corp from $31.00 to $30.00 in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $38.60.
Eaton Vance Corp. is engaged in managing investment funds and providing investment management and advisory services to high-net-worth individuals and institutions.
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