Eaton Vance Corp (NYSE:EV) – Investment analysts at William Blair upped their Q3 2019 earnings per share (EPS) estimates for shares of Eaton Vance in a report issued on Wednesday, May 22nd. William Blair analyst C. Shutler now expects that the asset manager will earn $0.85 per share for the quarter, up from their previous forecast of $0.79. William Blair also issued estimates for Eaton Vance’s Q4 2019 earnings at $0.88 EPS, FY2019 earnings at $3.34 EPS, Q1 2020 earnings at $0.84 EPS, Q2 2020 earnings at $0.84 EPS, Q3 2020 earnings at $0.90 EPS and Q4 2020 earnings at $0.94 EPS.
Eaton Vance (NYSE:EV) last released its quarterly earnings data on Tuesday, May 21st. The asset manager reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.13. Eaton Vance had a return on equity of 35.53% and a net margin of 23.50%. The firm had revenue of $411.86 million for the quarter, compared to the consensus estimate of $411.42 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The firm’s revenue was down .2% on a year-over-year basis.
NYSE:EV opened at $40.14 on Friday. Eaton Vance has a 52 week low of $32.28 and a 52 week high of $57.05. The company has a market capitalization of $4.63 billion, a P/E ratio of 12.50, a PEG ratio of 3.06 and a beta of 1.60. The company has a debt-to-equity ratio of 1.49, a quick ratio of 13.48 and a current ratio of 6.56.
Institutional investors have recently made changes to their positions in the company. Essex Savings Bank acquired a new stake in shares of Eaton Vance in the fourth quarter worth $25,000. Intercontinental Wealth Advisors LLC acquired a new stake in shares of Eaton Vance in the fourth quarter worth $25,000. Penserra Capital Management LLC acquired a new stake in shares of Eaton Vance in the first quarter worth $31,000. Rehmann Capital Advisory Group grew its stake in shares of Eaton Vance by 127.0% in the first quarter. Rehmann Capital Advisory Group now owns 901 shares of the asset manager’s stock worth $36,000 after acquiring an additional 504 shares during the last quarter. Finally, Lindbrook Capital LLC acquired a new stake in shares of Eaton Vance in the fourth quarter worth $31,000. Institutional investors and hedge funds own 69.56% of the company’s stock.
In other Eaton Vance news, Director Brian D. Langstraat sold 7,740 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $41.76, for a total transaction of $323,222.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, April 29th. This represents a $1.40 annualized dividend and a yield of 3.49%. Eaton Vance’s dividend payout ratio (DPR) is presently 43.61%.
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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