Eaton Vance (EV) Receiving Somewhat Positive News Coverage, Analysis Shows

News headlines about Eaton Vance (NYSE:EV) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eaton Vance earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 45.1810137002348 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Eaton Vance (EV) traded up $0.43 during trading on Friday, hitting $55.91. The company had a trading volume of 1,076,620 shares, compared to its average volume of 773,950. The company has a debt-to-equity ratio of 0.62, a current ratio of 5.44 and a quick ratio of 5.44. The stock has a market cap of $6,630.00, a P/E ratio of 23.10, a P/E/G ratio of 0.60 and a beta of 1.79. Eaton Vance has a 52 week low of $42.20 and a 52 week high of $60.95.

Eaton Vance (NYSE:EV) last posted its quarterly earnings results on Tuesday, November 21st. The asset manager reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.01). The company had revenue of $405.70 million during 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 quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 EPS. research analysts predict that Eaton Vance will post 3.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were paid a $0.31 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.24 annualized dividend and a dividend yield of 2.22%. Eaton Vance’s payout ratio is currently 51.24%.

Several brokerages have recently issued reports on EV. Zacks Investment Research raised Eaton Vance from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, January 23rd. ValuEngine raised Eaton Vance from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $53.00 target price on shares of Eaton Vance in a research report on Friday, November 10th. Bank of America increased their target price on Eaton Vance from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Finally, Jefferies Group restated a “hold” rating and issued a $46.00 price target on shares of Eaton Vance in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $53.44.

In other Eaton Vance news, CEO Matthew J. Witkos sold 25,000 shares of the stock in a transaction on Friday, January 12th. The stock was 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 SEC, which is available through this link. Also, Director Dorothy E. Puhy sold 9,490 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $60.49, for a total value of $574,050.10. The disclosure for this sale can be found here.

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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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