Eaton Vance Corporation (EV) Earning Somewhat Favorable Press Coverage, Analysis Shows
News stories about Eaton Vance Corporation (NYSE:EV) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eaton Vance Corporation earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the asset manager an impact score of 47.839425051489 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Eaton Vance Corporation (EV) Expected to Post FY2017 Earnings of $2.43 Per Share (americanbankingnews.com)
- William Blair Weighs in on Eaton Vance Corporation’s Q4 2017 Earnings (EV) (americanbankingnews.com)
- Eaton Vance : misses Street 3Q forecasts (4-traders.com)
- Eaton Vance Corp. Report for the Three and Nine Month Periods Ended July 31, 2017 (finance.yahoo.com)
- Eaton Vance (EV) Q3 Earnings & Revenues Lag, Stock Falls (finance.yahoo.com)
Eaton Vance Corporation (EV) opened at 47.00 on Monday. Eaton Vance Corporation has a 12-month low of $34.44 and a 12-month high of $50.10. The company has a market capitalization of $5.23 billion, a PE ratio of 20.43 and a beta of 1.84. The company has a 50 day moving average price of $48.07 and a 200-day moving average price of $46.15.
Eaton Vance Corporation (NYSE:EV) last released its earnings results on Wednesday, August 23rd. The asset manager reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by $0.05. Eaton Vance Corporation had a net margin of 18.03% and a return on equity of 34.47%. The company had revenue of $393.70 million during the quarter, compared to the consensus estimate of $398.74 million. During the same period last year, the firm posted $0.56 EPS. The company’s revenue was up 15.4% on a year-over-year basis. On average, analysts anticipate that Eaton Vance Corporation will post $2.47 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Thursday, July 27th. Eaton Vance Corporation’s payout ratio is 48.70%.
EV has been the subject of a number of research analyst reports. Bank of America Corporation lifted their price target on Eaton Vance Corporation from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, May 25th. Citigroup Inc. raised Eaton Vance Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $52.00 to $54.50 in a report on Monday, June 5th. Zacks Investment Research cut Eaton Vance Corporation from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Jefferies Group LLC lifted their price target on Eaton Vance Corporation from $42.00 to $45.00 and gave the company a “hold” rating in a report on Monday, May 22nd. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $47.00 price target (up from $40.00) on shares of Eaton Vance Corporation in a report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Eaton Vance Corporation has an average rating of “Hold” and a consensus price target of $50.21.
In other Eaton Vance Corporation news, insider Jeffrey P. Beale sold 39,343 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $48.30, for a total transaction of $1,900,266.90. Following the completion of the transaction, the insider now owns 343,509 shares of the company’s stock, valued at approximately $16,591,484.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dorothy E. Puhy sold 2,563 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $48.46, for a total value of $124,202.98. Following the transaction, the director now directly owns 14,473 shares of the company’s stock, valued at approximately $701,361.58. The disclosure for this sale can be found here. Insiders have sold a total of 127,943 shares of company stock valued at $6,149,649 in the last ninety days.
About Eaton Vance Corporation
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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