Wall Street analysts expect Eaton Vance Corporation (NYSE:EV) to report earnings per share of $0.69 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Eaton Vance’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.69. Eaton Vance reported earnings of $0.53 per share in the same quarter last year, which indicates a positive year over year growth rate of 30.2%. The business is scheduled to issue its next earnings results on Wednesday, February 28th.

On average, analysts expect that Eaton Vance will report full year earnings of $2.96 per share for the current year, with EPS estimates ranging from $2.87 to $3.07. For the next financial year, analysts anticipate that the business will report earnings of $3.31 per share, with EPS estimates ranging from $3.13 to $3.57. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Eaton Vance.

Eaton Vance (NYSE:EV) last announced its earnings results on Tuesday, November 21st. The asset manager reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.01). Eaton Vance had a net margin of 18.45% and a return on equity of 33.45%. The business had revenue of $405.70 million during the quarter, compared to analyst estimates of $407.75 million. During the same quarter last year, the business posted $0.57 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year.

EV has been the subject of a number of research reports. Deutsche Bank initiated coverage on Eaton Vance in a research note on Tuesday, October 17th. They issued a “buy” rating and a $57.00 target price for the company. Zacks Investment Research upgraded Eaton Vance from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Thursday, November 2nd. ValuEngine upgraded Eaton Vance from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $53.00 price objective on shares of Eaton Vance in a research report on Friday, November 10th. Finally, Jefferies Group reiterated a “hold” rating and issued a $46.00 price objective on shares of Eaton Vance in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $52.06.

In other 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Payson F. Swaffield sold 71,739 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $51.81, for a total value of $3,716,797.59. The disclosure for this sale can be found here. Over the last quarter, insiders sold 587,122 shares of company stock valued at $29,384,733.

Institutional investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. grew its position in shares of Eaton Vance by 437.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,031 shares of the asset manager’s stock worth $100,000 after buying an additional 1,653 shares during the period. WFG Advisors LP grew its position in shares of Eaton Vance by 0.6% during the 2nd quarter. WFG Advisors LP now owns 2,337 shares of the asset manager’s stock worth $111,000 after buying an additional 14 shares during the period. Pacad Investment Ltd. bought a new position in shares of Eaton Vance during the 2nd quarter valued at about $166,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Eaton Vance by 44.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,197 shares of the asset manager’s stock valued at $199,000 after purchasing an additional 1,296 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Eaton Vance during the 3rd quarter valued at about $200,000. Institutional investors own 70.26% of the company’s stock.

Shares of Eaton Vance (EV) opened at $55.49 on Friday. Eaton Vance has a 12 month low of $40.00 and a 12 month high of $55.57. The firm has a market capitalization of $6,470.00, a price-to-earnings ratio of 21.69, a PEG ratio of 0.96 and a beta of 1.85. The company has a quick ratio of 5.74, a current ratio of 1.85 and a debt-to-equity ratio of 0.01.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.23%. This is a positive change from Eaton Vance’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, October 30th. Eaton Vance’s dividend payout ratio (DPR) is presently 51.24%.

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About Eaton Vance

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.

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

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