Wall Street brokerages forecast that Eaton Vance Corp (NYSE:EV) will announce earnings per share (EPS) of $0.69 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Eaton Vance’s earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.70. Eaton Vance reported earnings of $0.53 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 30.2%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Eaton Vance will report full-year earnings of $2.98 per share for the current fiscal year, with EPS estimates ranging from $2.87 to $3.19. For the next fiscal year, analysts anticipate that the business will post earnings of $3.31 per share, with EPS estimates ranging from $3.13 to $3.57. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Eaton Vance.

Eaton Vance (NYSE:EV) last released its quarterly earnings results on Tuesday, November 21st. The asset manager reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.01). The firm had revenue of $405.70 million during the quarter, compared to the consensus estimate of $407.75 million. Eaton Vance had a net margin of 18.45% and a return on equity of 33.45%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 earnings per share.

A number of brokerages have issued reports on EV. Zacks Investment Research raised Eaton Vance from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Thursday, November 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $53.00 price target on shares of Eaton Vance in a report on Friday, November 10th. Jefferies Group reissued a “hold” rating and issued a $46.00 price objective on shares of Eaton Vance in a research note on Thursday, October 26th. ValuEngine raised Eaton Vance from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Finally, Bank of America increased their price target on Eaton Vance from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $52.06.

In related news, Director Leo I. Higdon, Jr. sold 6,865 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $48.08, for a total value of $330,069.20. Following the transaction, the director now directly owns 11,626 shares of the company’s stock, valued at approximately $558,978.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frederick S. Marius sold 7,574 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $47.99, for a total value of $363,476.26. Following the completion of the transaction, the insider now directly owns 26,128 shares in the company, valued at $1,253,882.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 587,122 shares of company stock worth $29,384,733.

Several large investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its position in Eaton Vance by 437.3% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,031 shares of the asset manager’s stock worth $100,000 after purchasing an additional 1,653 shares during the period. WFG Advisors LP increased its holdings in 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 buying an additional 14 shares during the period. Pacad Investment Ltd. acquired a new stake in Eaton Vance in the second quarter valued at approximately $166,000. Northwestern Mutual Wealth Management Co. boosted its stake in Eaton Vance by 44.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,197 shares of the asset manager’s stock valued at $199,000 after acquiring an additional 1,296 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of Eaton Vance during the third quarter worth $200,000. Hedge funds and other institutional investors own 68.73% of the company’s stock.

Eaton Vance (NYSE EV) traded up $0.48 during trading hours on Tuesday, hitting $57.08. The stock had a trading volume of 717,832 shares, compared to its average volume of 620,354. The company has a current ratio of 1.85, a quick ratio of 5.74 and a debt-to-equity ratio of 0.01. Eaton Vance has a 1 year low of $41.40 and a 1 year high of $57.71. The company has a market cap of $6,611.18, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 0.93 and a beta of 1.89.

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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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Earnings History and Estimates for Eaton Vance (NYSE:EV)

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