Equities analysts predict that Eaton Vance Corp (NYSE:EV) will post earnings per share of $0.80 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Eaton Vance’s earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.77. Eaton Vance reported earnings per share of $0.62 during the same quarter last year, which would indicate a positive year over year growth rate of 29%. The company is expected to announce its next quarterly earnings results on Wednesday, May 23rd.
According to Zacks, analysts expect that Eaton Vance will report full-year earnings of $3.35 per share for the current year, with EPS estimates ranging from $3.27 to $3.38. For the next fiscal year, analysts forecast that the firm will report earnings of $3.83 per share, with EPS estimates ranging from $3.64 to $3.92. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Eaton Vance.
Eaton Vance (NYSE:EV) last released its quarterly earnings results on Tuesday, February 27th. The asset manager reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $421.40 million during the quarter, compared to analysts’ expectations of $420.62 million. Eaton Vance had a return on equity of 34.09% and a net margin of 18.77%. The company’s revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 EPS.
Eaton Vance (NYSE EV) opened at $57.33 on Wednesday. The firm has a market capitalization of $6,860.00, a price-to-earnings ratio of 21.08, a PEG ratio of 0.67 and a beta of 1.79. The company has a current ratio of 9.43, a quick ratio of 5.44 and a debt-to-equity ratio of 0.62. Eaton Vance has a twelve month low of $42.20 and a twelve month high of $60.95.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Tuesday, January 30th. Eaton Vance’s dividend payout ratio (DPR) is 45.59%.
In related news, CEO Matthew J. Witkos sold 25,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $60.35, for a total transaction of $1,508,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dorothy E. Puhy sold 9,490 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $60.49, for a total value of $574,050.10. The disclosure for this sale can be found here.
A number of institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in Eaton Vance by 33.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,421,942 shares of the asset manager’s stock valued at $218,311,000 after purchasing an additional 1,113,748 shares in the last quarter. Crestline Management LP acquired a new stake in Eaton Vance in the 3rd quarter valued at about $1,820,000. Russell Investments Group Ltd. raised its position in Eaton Vance by 25.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 37,283 shares of the asset manager’s stock valued at $1,841,000 after purchasing an additional 7,595 shares in the last quarter. Cambria Investment Management L.P. raised its position in Eaton Vance by 183.3% in the 3rd quarter. Cambria Investment Management L.P. now owns 121,963 shares of the asset manager’s stock valued at $6,021,000 after purchasing an additional 78,913 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in Eaton Vance by 11.3% in the 3rd quarter. Pacer Advisors Inc. now owns 20,223 shares of the asset manager’s stock valued at $998,000 after purchasing an additional 2,059 shares in the last quarter. Institutional investors own 70.63% of the company’s stock.
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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