Eaton Vance Corporation (EV) Getting Somewhat Favorable Press Coverage, Analysis Shows
Media stories about Eaton Vance Corporation (NYSE:EV) have trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. 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 media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 46.5522349149243 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- FY2017 EPS Estimates for Eaton Vance Corporation (EV) Raised by Jefferies Group (americanbankingnews.com)
- [$$] A Tax Provision That Would Exempt Mutual-Fund Firms but Not Individuals (finance.yahoo.com)
- [$$] The New Tax Hidden in Senate Bill Now Only Hits Individuals (finance.yahoo.com)
- Jefferies Group Comments on Eaton Vance Corporation’s FY2019 Earnings (EV) (americanbankingnews.com)
- 4 Factors That Make Eaton Vance (EV) Stock a Good Bet Now (finance.yahoo.com)
EV has been the subject of several research analyst reports. Jefferies Group LLC reiterated a “hold” rating and issued a $46.00 price objective on shares of Eaton Vance Corporation in a research report on Friday, August 18th. Zacks Investment Research lowered Eaton Vance Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub lowered Eaton Vance Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $53.00 price target on shares of Eaton Vance Corporation in a research report on Friday, November 10th. Finally, Bank of America Corporation upped their price target on Eaton Vance Corporation from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $52.06.
Eaton Vance Corporation (NYSE EV) traded up $0.48 during trading hours on Monday, reaching $52.27. The company’s stock had a trading volume of 741,540 shares, compared to its average volume of 610,499. Eaton Vance Corporation has a 52-week low of $38.98 and a 52-week high of $52.63. The company has a current ratio of 5.74, a quick ratio of 5.74 and a debt-to-equity ratio of 0.69. The firm has a market cap of $6,016.09, a P/E ratio of 22.13, a P/E/G ratio of 0.99 and a beta of 1.86.
Eaton Vance Corporation (NYSE:EV) last released its quarterly 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 return on equity of 34.47% and a net margin of 18.03%. The firm had revenue of $393.70 million for the quarter, compared to analyst estimates of $398.74 million. During the same period last year, the company earned $0.56 EPS. The company’s revenue was up 15.4% compared to the same quarter last year. research analysts forecast that Eaton Vance Corporation will post 2.46 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Monday, October 30th. This is an increase from Eaton Vance Corporation’s previous quarterly dividend of $0.28. Eaton Vance Corporation’s dividend payout ratio is presently 53.91%.
In other news, insider Frederick S. Marius sold 8,915 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $47.55, for a total value of $423,908.25. Following the completion of the sale, the insider now owns 30,955 shares of the company’s stock, valued at approximately $1,471,910.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew J. Witkos sold 82,617 shares of the stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $51.27, for a total value of $4,235,773.59. The disclosure for this sale can be found here. In the last three months, insiders sold 596,037 shares of company stock valued at $29,808,641.
WARNING: This piece was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/20/eaton-vance-corporation-ev-getting-somewhat-favorable-press-coverage-analysis-shows.html.
Eaton Vance Corporation Company Profile
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.
Receive News & Stock Ratings for Eaton Vance Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance Corporation and related stocks with our FREE daily email newsletter.