Eaton Vance Corporation (NYSE:EV) is scheduled to 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 analysts’ consensus estimates of $0.67 by ($0.05). Eaton Vance Corporation had a return on equity of 34.47% and a net margin of 18.03%. The company had revenue of $393.70 million during the quarter, compared to analyst estimates of $398.74 million. During the same period in the prior year, the firm earned $0.56 EPS. Eaton Vance Corporation’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts expect Eaton Vance Corporation to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Eaton Vance Corporation (NYSE:EV) opened at $50.89 on Tuesday. Eaton Vance Corporation has a 12-month low of $38.73 and a 12-month high of $52.36. The firm has a market capitalization of $5,919.67, a PE ratio of 21.78, a price-to-earnings-growth ratio of 0.98 and a beta of 1.86. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.74 and a quick ratio of 5.74.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.44%. This is a boost from Eaton Vance Corporation’s previous quarterly dividend of $0.28. Eaton Vance Corporation’s payout ratio is currently 53.91%.

A number of brokerages have weighed in on EV. Zacks Investment Research raised Eaton Vance Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Deutsche Bank AG initiated coverage on Eaton Vance Corporation in a research note on Tuesday, October 17th. They issued a “buy” rating and a $57.00 price objective on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $53.00 price objective on shares of Eaton Vance Corporation in a research note on Friday. Jefferies Group LLC reiterated a “hold” rating and issued a $46.00 price objective on shares of Eaton Vance Corporation in a research note on Thursday, October 26th. Finally, Bank of America Corporation lifted their price objective on Eaton Vance Corporation from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Eaton Vance Corporation presently has an average rating of “Hold” and an average target price of $52.06.

In related news, Director Dorothy E. Puhy sold 5,953 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $51.08, for a total transaction of $304,079.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Frederick S. Marius sold 8,915 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $47.55, for a total value of $423,908.25. Following the transaction, the insider now owns 30,955 shares in the company, valued at $1,471,910.25. The disclosure for this sale can be found here. Insiders sold 596,037 shares of company stock worth $29,808,641 over the last quarter.

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Eaton Vance Corporation 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.

Earnings History for Eaton Vance Corporation (NYSE:EV)

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