Eaton Vance Corp. (NYSE:EV) – Equities research analysts at William Blair dropped their Q1 2017 earnings per share (EPS) estimates for shares of Eaton Vance Corp. in a research note issued on Tuesday. William Blair analyst C. Shutler now expects that the firm will post earnings of $0.55 per share for the quarter, down from their prior estimate of $0.58. William Blair also issued estimates for Eaton Vance Corp.’s Q2 2017 earnings at $0.56 EPS, Q3 2017 earnings at $0.64 EPS and Q4 2017 earnings at $0.67 EPS.

EV has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Eaton Vance Corp. from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Friday, September 16th. Credit Suisse Group AG reiterated a “hold” rating and issued a $37.00 price target on shares of Eaton Vance Corp. in a research report on Thursday, September 1st. Keefe, Bruyette & Woods increased their price target on shares of Eaton Vance Corp. from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, August 19th. Jefferies Group reiterated a “hold” rating and issued a $37.00 price target on shares of Eaton Vance Corp. in a research report on Wednesday. Finally, Citigroup Inc. reiterated a “neutral” rating on shares of Eaton Vance Corp. in a research report on Sunday, October 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $36.27.

Earnings History and Estimates for Eaton Vance Corp. (NYSE:EV)

ILLEGAL ACTIVITY WARNING: “Q1 2017 EPS Estimates for Eaton Vance Corp. (EV) Reduced by William Blair” was published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this story on another publication, it was stolen and reposted in violation of US & international copyright & trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2016/11/26/q1-2017-eps-estimates-for-eaton-vance-corp-ev-reduced-by-william-blair.html.

Shares of Eaton Vance Corp. (NYSE:EV) opened at 40.63 on Thursday. The stock has a 50 day moving average of $37.69 and a 200-day moving average of $37.40. Eaton Vance Corp. has a 52 week low of $26.44 and a 52 week high of $40.85. The firm has a market capitalization of $4.43 billion, a PE ratio of 19.51 and a beta of 1.78.

Eaton Vance Corp. (NYSE:EV) last posted its earnings results on Tuesday, November 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.02. The business earned $346.85 million during the quarter, compared to analyst estimates of $341.46 million. Eaton Vance Corp. had a net margin of 17.97% and a return on equity of 38.30%. Eaton Vance Corp.’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Eaton Vance Corp. by 3.1% in the second quarter. Vanguard Group Inc. now owns 9,089,659 shares of the company’s stock valued at $321,229,000 after buying an additional 270,956 shares in the last quarter. BlackRock Fund Advisors boosted its position in Eaton Vance Corp. by 4.3% in the third quarter. BlackRock Fund Advisors now owns 4,424,891 shares of the company’s stock valued at $172,792,000 after buying an additional 182,574 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Eaton Vance Corp. by 3.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,703,742 shares of the company’s stock valued at $130,890,000 after buying an additional 136,425 shares in the last quarter. FMR LLC boosted its position in Eaton Vance Corp. by 3.6% in the second quarter. FMR LLC now owns 1,645,660 shares of the company’s stock valued at $58,158,000 after buying an additional 57,700 shares in the last quarter. Finally, Janus Capital Management LLC boosted its position in Eaton Vance Corp. by 1.7% in the second quarter. Janus Capital Management LLC now owns 1,510,824 shares of the company’s stock valued at $53,392,000 after buying an additional 24,848 shares in the last quarter. 72.30% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Q1 2017 EPS Estimates for Eaton Vance Corp. (EV) Reduced by William Blair” was published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this story on another publication, it was stolen and reposted in violation of US & international copyright & trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2016/11/26/q1-2017-eps-estimates-for-eaton-vance-corp-ev-reduced-by-william-blair.html.

In other news, Director Brian D. Langstraat sold 38,012 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $39.79, for a total transaction of $1,512,497.48. Following the completion of the transaction, the director now directly owns 107,712 shares of the company’s stock, valued at approximately $4,285,860.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dorothy E. Puhy sold 6,197 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $38.75, for a total transaction of $240,133.75. Following the transaction, the director now directly owns 15,787 shares of the company’s stock, valued at $611,746.25. The disclosure for this sale can be found here.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were paid a dividend of $0.28 per share. This is a boost from Eaton Vance Corp.’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Thursday, October 27th. Eaton Vance Corp.’s dividend payout ratio (DPR) is currently 53.33%.

Eaton Vance Corp. Company Profile

Eaton Vance Corp. is engaged in business of managing investment funds and providing investment management and advisory services to individuals and institutions. The Company seeks to develop and sustain management expertise across a range of investment disciplines, and offer investment products and services through various distribution channels.

5 Day Chart for NYSE:EV

Receive News & Stock Ratings for Eaton Vance Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance Corp. and related stocks with our FREE daily email newsletter.