Equities analysts expect Eaton Vance Corp (NYSE:EV) to post earnings per share (EPS) of $0.81 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Eaton Vance’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.84. Eaton Vance posted earnings of $0.62 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 30.6%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 22nd.
On average, analysts expect that Eaton Vance will report full-year earnings of $3.20 per share for the current fiscal year, with EPS estimates ranging from $3.13 to $3.25. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.68 per share, with EPS estimates ranging from $3.48 to $3.78. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Eaton Vance.
Eaton Vance (NYSE:EV) last announced its quarterly earnings data on Tuesday, May 22nd. The asset manager reported $0.77 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. The company had revenue of $414.30 million during the quarter, compared to analysts’ expectations of $421.71 million. Eaton Vance had a return on equity of 33.96% and a net margin of 19.82%. Eaton Vance’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS.
Shares of NYSE EV traded down $0.06 during mid-day trading on Thursday, hitting $54.89. The company had a trading volume of 417,256 shares, compared to its average volume of 687,962. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 0.91 and a beta of 1.69. The company has a debt-to-equity ratio of 0.67, a current ratio of 8.05 and a quick ratio of 8.05. Eaton Vance has a one year low of $45.06 and a one year high of $60.95.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, April 30th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Friday, April 27th. Eaton Vance’s payout ratio is currently 50.00%.
A number of institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors acquired a new stake in Eaton Vance during the fourth quarter worth approximately $114,000. Synovus Financial Corp acquired a new stake in Eaton Vance during the first quarter worth approximately $182,000. TLP Group LLC lifted its position in Eaton Vance by 6,198.3% during the first quarter. TLP Group LLC now owns 3,653 shares of the asset manager’s stock worth $203,000 after acquiring an additional 3,595 shares during the last quarter. Hyman Charles D acquired a new stake in Eaton Vance during the fourth quarter worth approximately $209,000. Finally, Teza Capital Management LLC acquired a new stake in Eaton Vance during the first quarter worth approximately $210,000. Institutional investors and hedge funds own 68.98% of the company’s stock.
About Eaton Vance
Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Further, the company operates as an adviser and distributor of investment companies and separate accounts.
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