Keefe, Bruyette & Woods Reiterates “In-Line” Rating for Eaton Vance Corp (EV)
The analysts wrote, “Adjusted operating EPS were in-line with our forecast as modestly higher pre-tax operating income and non-operating investment income were offset by lower equity in affiliates. Net outflows were in-line with our estimate, too. Adjust EPS estimates and PT. No change to MP rating.”
Eaton Vance Corp (NYSE:EV) opened at 38.04 on Friday. Eaton Vance Corp has a one year low of $34.86 and a one year high of $43.82. The stock has a 50-day moving average of $36.64 and a 200-day moving average of $37.03. The company has a market cap of $4.517 billion and a price-to-earnings ratio of 16.99.
Eaton Vance Corp (NYSE:EV) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. 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. On average, analysts predict that Eaton Vance Corp will post $2.43 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about 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. Separately, 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. Finally, analysts at Evercore Partners initiated coverage on shares of Eaton Vance Corp in a research note on Friday, May 30th. They set an “equal weight” rating and a $39.00 price target on the stock. Two 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’s stock. Eaton Vance Corp has a consensus rating of “Hold” and a consensus price target of $38.56.
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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