Equities research analysts predict that Eaton Vance Corp (NYSE:EV) will announce $414.91 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Eaton Vance’s earnings, with the lowest sales estimate coming in at $414.25 million and the highest estimate coming in at $415.57 million. Eaton Vance posted sales of $354.96 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.9%. The firm is expected to issue its next earnings results before the market opens on Tuesday, February 27th.

According to Zacks, analysts expect that Eaton Vance will report full year sales of $414.91 million for the current financial year, with estimates ranging from $1.69 billion to $1.70 billion. For the next year, analysts anticipate that the firm will post sales of $1.80 billion per share, with estimates ranging from $1.79 billion to $1.82 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Eaton Vance.

Eaton Vance (NYSE:EV) last posted its earnings results on Tuesday, November 21st. The asset manager reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.01). The firm had revenue of $405.70 million for the quarter, compared to analysts’ expectations of $407.75 million. Eaton Vance had a return on equity of 33.45% and a net margin of 18.45%. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 earnings per share.

EV has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Thursday, November 2nd. Deutsche Bank initiated coverage on shares of Eaton Vance in a report on Tuesday, October 17th. They issued a “buy” rating and a $57.00 price objective for the company. Jefferies Group restated a “hold” rating and issued a $46.00 price objective on shares of Eaton Vance in a report on Thursday, October 26th. ValuEngine upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $53.00 price objective on shares of Eaton Vance in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $53.44.

Shares of Eaton Vance (EV) traded up $0.15 on Friday, reaching $53.90. 787,425 shares of the company’s stock traded hands, compared to its average volume of 785,314. The company has a quick ratio of 5.44, a current 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 stock has a market capitalization of $6,380.00, a price-to-earnings ratio of 22.27, a PEG ratio of 0.80 and a beta of 1.79.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a $0.31 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.24 annualized dividend and a yield of 2.30%. Eaton Vance’s dividend payout ratio (DPR) is presently 51.24%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in EV. WFG Advisors LP increased its position in shares of Eaton Vance by 0.6% during the second quarter. WFG Advisors LP now owns 2,337 shares of the asset manager’s stock valued at $111,000 after acquiring an additional 14 shares in the last quarter. Advisor Group Inc. increased its position in shares of Eaton Vance by 1.0% during the second quarter. Advisor Group Inc. now owns 4,782 shares of the asset manager’s stock valued at $225,000 after acquiring an additional 47 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Eaton Vance by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 34,453 shares of the asset manager’s stock valued at $1,630,000 after acquiring an additional 620 shares in the last quarter. Leavell Investment Management Inc. increased its position in shares of Eaton Vance by 8.3% during the fourth quarter. Leavell Investment Management Inc. now owns 13,000 shares of the asset manager’s stock valued at $733,000 after acquiring an additional 1,000 shares in the last quarter. Finally, GWM Advisors LLC increased its position in shares of Eaton Vance by 13.1% during the fourth quarter. GWM Advisors LLC now owns 9,610 shares of the asset manager’s stock valued at $561,000 after acquiring an additional 1,113 shares in the last quarter. 69.41% of the stock is owned by institutional investors and hedge funds.

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Eaton Vance 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.

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