Eaton Vance (EV) Scheduled to Post Earnings on Tuesday

Eaton Vance (NYSE:EV) will post its quarterly earnings results before the market opens on Tuesday, November 27th. Analysts expect Eaton Vance to post earnings of $0.86 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Eaton Vance (NYSE:EV) last released its quarterly earnings results on Wednesday, August 29th. The asset manager reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $430.60 million during the quarter, compared to the consensus estimate of $430.11 million. Eaton Vance had a return on equity of 34.91% and a net margin of 21.44%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 EPS. On average, analysts expect Eaton Vance to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NYSE:EV opened at $41.60 on Friday. The firm has a market cap of $4.91 billion, a PE ratio of 16.77, a PEG ratio of 0.64 and a beta of 1.65. The company has a debt-to-equity ratio of 1.14, a current ratio of 8.35 and a quick ratio of 8.35. Eaton Vance has a 52-week low of $40.40 and a 52-week high of $60.95.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Tuesday, October 30th. This is an increase from Eaton Vance’s previous quarterly dividend of $0.31. Eaton Vance’s payout ratio is 56.45%.

In related news, CEO Thomas E. Faust, Jr. sold 43,500 shares of the business’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $43.01, for a total value of $1,870,935.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas E. Faust, Jr. sold 33,407 shares of the business’s stock in a transaction dated Monday, October 22nd. The shares were sold at an average price of $45.50, for a total transaction of $1,520,018.50. The disclosure for this sale can be found here. Insiders sold a total of 149,984 shares of company stock valued at $6,618,100 in the last three months.

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $48.00 price target on shares of Eaton Vance in a research note on Monday, November 19th. Citigroup downgraded Eaton Vance from a “buy” rating to a “neutral” rating and cut their price target for the stock from $60.50 to $47.00 in a research note on Monday, November 19th. Jefferies Financial Group reaffirmed a “hold” rating and set a $45.00 price target on shares of Eaton Vance in a research note on Monday, November 19th. Zacks Investment Research reaffirmed a “sell” rating on shares of Eaton Vance in a research note on Tuesday, November 13th. Finally, ValuEngine downgraded shares of Eaton Vance from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $55.13.

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Eaton Vance Company Profile

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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Earnings History for Eaton Vance (NYSE:EV)

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