Brokerages expect that Eaton Vance Corp (NYSE:EV) will announce earnings of $0.71 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Eaton Vance’s earnings. The highest EPS estimate is $0.76 and the lowest is $0.69. Eaton Vance posted earnings of $0.53 per share during the same quarter last year, which would indicate a positive year over year growth rate of 34%. The company is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, February 27th.
On average, analysts expect that Eaton Vance will report full year earnings of $3.28 per share for the current year, with EPS estimates ranging from $2.87 to $3.55. For the next year, analysts expect that the business will post earnings of $3.88 per share, with EPS estimates ranging from $3.57 to $4.08. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Eaton Vance.
Eaton Vance (NYSE:EV) last posted its earnings results on Tuesday, November 21st. The asset manager reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.01). Eaton Vance had a return on equity of 33.45% and a net margin of 18.45%. The firm had revenue of $405.70 million during the quarter, compared to the consensus estimate of $407.75 million. During the same quarter in the previous year, the company earned $0.57 EPS. The business’s revenue was up 17.0% compared to the same quarter last year.
In other Eaton Vance news, Director Dorothy E. Puhy sold 9,490 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $60.49, for a total transaction of $574,050.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew J. Witkos sold 25,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $60.35, for a total transaction of $1,508,750.00. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New Mexico Educational Retirement Board purchased a new stake in shares of Eaton Vance in the fourth quarter worth about $1,607,000. KBC Group NV lifted its holdings in shares of Eaton Vance by 65.5% in the fourth quarter. KBC Group NV now owns 64,354 shares of the asset manager’s stock worth $3,629,000 after buying an additional 25,472 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Eaton Vance by 2.6% in the fourth quarter. California Public Employees Retirement System now owns 260,793 shares of the asset manager’s stock worth $14,706,000 after buying an additional 6,532 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Eaton Vance in the fourth quarter worth about $1,779,000. Finally, Hyman Charles D purchased a new stake in shares of Eaton Vance in the fourth quarter worth about $209,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of Eaton Vance (EV) opened at $55.55 on Thursday. Eaton Vance has a one year low of $41.81 and a one year high of $60.95. The company has a quick ratio of 5.44, a current ratio of 5.44 and a debt-to-equity ratio of 0.62. The stock has a market cap of $6,496.65, a price-to-earnings ratio of 22.95, a PEG ratio of 0.83 and a beta of 1.79.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, January 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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