Eaton Vance Corp (NYSE:EV) – Stock analysts at William Blair dropped their Q3 2017 EPS estimates for shares of Eaton Vance Corp in a note issued to investors on Thursday. William Blair analyst C. Shutler now anticipates that the asset manager will post earnings per share of $0.66 for the quarter, down from their prior estimate of $0.67. William Blair also issued estimates for Eaton Vance Corp’s Q4 2017 earnings at $0.69 EPS, FY2017 earnings at $2.48 EPS and FY2018 earnings at $2.90 EPS.

Eaton Vance Corp (NYSE:EV) last posted its quarterly earnings results on Wednesday, May 24th. The asset manager reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Eaton Vance Corp had a return on equity of 38.30% and a net margin of 17.97%. The firm had revenue of $374.60 million during the quarter, compared to analysts’ expectations of $373.28 million. During the same quarter last year, the firm earned $0.48 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. TRADEMARK VIOLATION WARNING: “Eaton Vance Corp (EV) Forecasted to Earn Q3 2017 Earnings of $0.66 Per Share” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/05/26/eaton-vance-corp-ev-forecasted-to-earn-q3-2017-earnings-of-0-66-per-share.html.

Earnings History and Estimates for Eaton Vance Corp (NYSE:EV)

Several other brokerages have also commented on EV. Zacks Investment Research lowered Eaton Vance Corp from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Jefferies Group LLC boosted their price target on Eaton Vance Corp from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday. Bank of America Corp restated a “neutral” rating and set a $49.00 price objective (up from $47.00) on shares of Eaton Vance Corp in a research report on Thursday. Citigroup Inc restated a “neutral” rating and set a $51.00 price objective (up from $46.50) on shares of Eaton Vance Corp in a research report on Thursday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 price objective on shares of Eaton Vance Corp in a research report on Tuesday. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $46.67.

Shares of Eaton Vance Corp (NYSE:EV) opened at 47.59 on Friday. The firm has a market cap of $5.27 billion, a PE ratio of 22.13 and a beta of 1.79. Eaton Vance Corp has a 12-month low of $32.97 and a 12-month high of $48.47. The company has a 50 day moving average price of $43.95 and a 200 day moving average price of $43.27.

A number of hedge funds and other institutional investors have recently modified their holdings of EV. TrimTabs Asset Management LLC increased its position in shares of Eaton Vance Corp by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,705 shares of the asset manager’s stock valued at $122,000 after buying an additional 1,272 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Eaton Vance Corp by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,028 shares of the asset manager’s stock valued at $127,000 after buying an additional 148 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Eaton Vance Corp by 20.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,901 shares of the asset manager’s stock valued at $130,000 after buying an additional 501 shares during the period. CENTRAL TRUST Co increased its position in shares of Eaton Vance Corp by 6,356.9% in the first quarter. CENTRAL TRUST Co now owns 3,293 shares of the asset manager’s stock valued at $148,000 after buying an additional 3,242 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of Eaton Vance Corp by 131.9% in the first quarter. Nordea Investment Management AB now owns 3,341 shares of the asset manager’s stock valued at $150,000 after buying an additional 1,900 shares during the period. Institutional investors own 70.25% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 28th were issued a $0.28 dividend. The ex-dividend date was Wednesday, April 26th. This represents a $1.12 annualized dividend and a yield of 2.35%. Eaton Vance Corp’s dividend payout ratio (DPR) is presently 53.33%.

Eaton Vance Corp Company Profile

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.

12 Month Chart for NYSE:EV

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