Equities analysts predict that Eaton Vance Corp (NYSE:EV) will post earnings of $0.71 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Eaton Vance’s earnings. The highest EPS estimate is $0.76 and the lowest is $0.69. Eaton Vance posted earnings per share of $0.53 in the same quarter last year, which would suggest a positive year-over-year growth rate of 34%. The company is expected to report 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 anticipate that the firm will report earnings of $3.88 per share, with EPS estimates ranging from $3.57 to $4.08. Zacks’ EPS calculations are an average based on a survey of research firms that follow Eaton Vance.

Eaton Vance (NYSE:EV) last released its earnings results on Tuesday, November 21st. The asset manager reported $0.70 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 company had revenue of $405.70 million for the quarter, compared to analyst estimates of $407.75 million. During the same period in the previous year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year.

Several research analysts recently commented on the company. Zacks Investment Research raised Eaton Vance from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Tuesday, January 23rd. Deutsche Bank started coverage on Eaton Vance in a research report on Tuesday, October 17th. They set a “buy” rating and a $57.00 price objective for the company. ValuEngine raised Eaton Vance from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. Bank of America upped their price objective on Eaton Vance from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Finally, Jefferies Group reaffirmed a “hold” rating and set a $46.00 price objective on shares of Eaton Vance in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Eaton Vance has an average rating of “Hold” and an average target price of $53.44.

In other news, Director Dorothy E. Puhy sold 9,490 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $60.49, for a total value of $574,050.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew J. Witkos sold 25,000 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $60.35, for a total value of $1,508,750.00. The disclosure for this sale can be found here.

Institutional investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Eaton Vance by 437.3% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,031 shares of the asset manager’s stock valued at $100,000 after purchasing an additional 1,653 shares during the last quarter. Cerebellum GP LLC purchased a new stake in shares of Eaton Vance in the 4th quarter valued at about $128,000. WFG Advisors LP lifted its holdings in shares of Eaton Vance by 0.6% in the 2nd quarter. WFG Advisors LP now owns 2,337 shares of the asset manager’s stock valued at $111,000 after purchasing an additional 14 shares during the last quarter. Hyman Charles D purchased a new stake in shares of Eaton Vance in the 4th quarter valued at about $209,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Eaton Vance in the 3rd quarter valued at about $200,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Eaton Vance (NYSE: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 market capitalization of $6,496.65, a price-to-earnings ratio of 22.95, a P/E/G ratio of 0.83 and a beta of 1.79. The company has a current ratio of 5.44, a quick ratio of 5.44 and a debt-to-equity ratio of 0.62.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.31 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.24 annualized dividend and a dividend yield of 2.23%. Eaton Vance’s dividend payout ratio is currently 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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