Eaton Vance (NYSE:EV) is set to post its quarterly earnings results before the market opens on Tuesday, May 21st. Analysts expect Eaton Vance to post earnings of $0.75 per share for the quarter.
Eaton Vance (NYSE:EV) last announced its quarterly earnings data on Tuesday, February 26th. The asset manager reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.01). Eaton Vance had a net margin of 23.16% and a return on equity of 35.03%. The firm had revenue of $406.42 million for the quarter, compared to analysts’ expectations of $421.97 million. During the same period in the previous year, the company posted $0.78 EPS. The business’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts expect Eaton Vance to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of EV stock opened at $38.08 on Wednesday. Eaton Vance has a one year low of $32.28 and a one year high of $58.54. The company has a quick ratio of 13.48, a current ratio of 13.48 and a debt-to-equity ratio of 1.43. The company has a market cap of $4.33 billion, a P/E ratio of 11.86, a P/E/G ratio of 1.54 and a beta of 1.60.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Monday, April 29th. Eaton Vance’s dividend payout ratio (DPR) is 43.61%.
Several brokerages recently commented on EV. Zacks Investment Research raised shares of Eaton Vance from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Tuesday, April 30th. ValuEngine lowered shares of Eaton Vance from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Eaton Vance has a consensus rating of “Hold” and a consensus target price of $42.00.
In other news, Director Brian D. Langstraat sold 7,740 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $41.76, for a total value of $323,222.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
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About Eaton Vance
Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Further, the company operates as an adviser and distributor of investment companies and separate accounts.
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