Eaton Vance Corp (EV) Given News Impact Score of -0.02
News headlines about Eaton Vance Corp (NYSE:EV) have trended somewhat negative recently, according to Alpha One. Alpha One, a service of Accern, rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eaton Vance Corp earned a daily sentiment score of -0.02 on Alpha One’s scale. Alpha One also assigned media stories about the asset manager an impact score of 38 out of 100, indicating that recent press coverage is unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected AlphaOne’s scoring:
- Eaton Vance Corp (EV) Expected to Post Earnings of $0.60 Per Share (americanbankingnews.com)
- Eaton Vance : Risk-Managed Diversified Equity Income Fund — Eaton Vance Management Announces Portfolio Manager Change (4-traders.com)
- Eaton Vance Risk-Managed Diversified Equity Income Fund — Eaton Vance Management Announces Portfolio Manager Change (finance.yahoo.com)
- BRIEF-Eaton Vance says consolidated assets under management of $380.9 bln on March 31 (EV) (markets.businessinsider.com)
- Eaton Vance : Declares Quarterly Dividend (4-traders.com)
A number of research firms have recently commented on EV. Jefferies Group LLC restated a “hold” rating and set a $42.00 target price on shares of Eaton Vance Corp in a research report on Friday, March 24th. Zacks Investment Research cut Eaton Vance Corp from a “buy” rating to a “hold” rating in a research report on Monday, February 27th. Bank of America Corp upgraded Eaton Vance Corp from an “underperform” rating to a “neutral” rating in a research report on Tuesday, February 21st. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Eaton Vance Corp in a research report on Thursday, January 12th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Eaton Vance Corp presently has a consensus rating of “Hold” and a consensus target price of $41.75.
Eaton Vance Corp (NYSE:EV) traded up 0.70% during midday trading on Thursday, reaching $43.04. The company had a trading volume of 464,171 shares. Eaton Vance Corp has a 1-year low of $32.97 and a 1-year high of $47.83. The stock has a market capitalization of $4.76 billion, a PE ratio of 20.02 and a beta of 1.79. The firm’s 50 day moving average is $44.89 and its 200 day moving average is $41.96.
Eaton Vance Corp (NYSE:EV) last announced its earnings results on Wednesday, February 22nd. The asset manager reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.04. Eaton Vance Corp had a return on equity of 38.30% and a net margin of 17.97%. The firm had revenue of $354.95 million for the quarter, compared to analyst estimates of $351.22 million. During the same quarter last year, the business posted $0.50 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Eaton Vance Corp will post $2.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, April 28th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, April 26th. This represents a $1.12 dividend on an annualized basis and a yield of 2.60%. Eaton Vance Corp’s dividend payout ratio (DPR) is currently 53.33%.
In related news, CEO Matthew J. Witkos sold 84,085 shares of the firm’s stock in a transaction that occurred on Friday, January 20th. The shares were sold at an average price of $42.83, for a total transaction of $3,601,360.55. Following the sale, the chief executive officer now owns 287,773 shares in the company, valued at $12,325,317.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Frederick S. Marius sold 45,893 shares of the firm’s stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $43.71, for a total transaction of $2,005,983.03. Following the sale, the insider now owns 35,042 shares in the company, valued at approximately $1,531,685.82. The disclosure for this sale can be found here.
About Eaton Vance Corp
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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