Wall Street brokerages forecast that Eaton Vance Corp (NYSE:EV) will report earnings of $0.86 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Eaton Vance’s earnings, with estimates ranging from $0.83 to $0.89. Eaton Vance reported earnings of $0.70 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 22.9%. The firm is scheduled to issue its next earnings report on Tuesday, November 20th.

On average, analysts expect that Eaton Vance will report full year earnings of $3.21 per share for the current financial year, with EPS estimates ranging from $3.19 to $3.23. For the next year, analysts forecast that the business will report earnings of $3.66 per share, with EPS estimates ranging from $3.63 to $3.74. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Eaton Vance.

Eaton Vance (NYSE:EV) last announced its earnings results on Wednesday, August 29th. The asset manager reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Eaton Vance had a net margin of 21.44% and a return on equity of 34.91%. The business had revenue of $430.60 million during the quarter, compared to the consensus estimate of $430.11 million. During the same quarter last year, the firm earned $0.62 earnings per share. Eaton Vance’s quarterly revenue was up 9.4% on a year-over-year basis.

EV has been the subject of a number of analyst reports. Citigroup lowered their target price on shares of Eaton Vance from $62.00 to $60.50 and set a “buy” rating for the company in a research note on Thursday, August 30th. Zacks Investment Research raised shares of Eaton Vance from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Eaton Vance presently has an average rating of “Hold” and a consensus target price of $58.44.

NYSE EV traded down $0.38 during mid-day trading on Wednesday, reaching $53.66. 3,059 shares of the stock were exchanged, compared to its average volume of 523,394. Eaton Vance has a one year low of $47.99 and a one year high of $60.95. The company has a market capitalization of $6.38 billion, a PE ratio of 21.71, a P/E/G ratio of 0.91 and a beta of 1.62. The company has a quick ratio of 8.35, a current ratio of 8.35 and a debt-to-equity ratio of 1.14.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mount Yale Investment Advisors LLC acquired a new position in shares of Eaton Vance during the first quarter valued at about $103,000. Clarus Wealth Advisors acquired a new position in shares of Eaton Vance during the second quarter valued at about $131,000. Sit Investment Associates Inc. grew its holdings in shares of Eaton Vance by 44.3% during the second quarter. Sit Investment Associates Inc. now owns 3,500 shares of the asset manager’s stock valued at $183,000 after buying an additional 1,075 shares during the last quarter. TLP Group LLC grew its holdings in shares of Eaton Vance by 6,198.3% during the first quarter. TLP Group LLC now owns 3,653 shares of the asset manager’s stock valued at $203,000 after buying an additional 3,595 shares during the last quarter. Finally, Korea Investment CORP acquired a new position in shares of Eaton Vance during the second quarter valued at about $193,000. 68.40% of the stock is owned by hedge funds and other institutional investors.

Eaton Vance Company Profile

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

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