Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Eaton Vance (EV) Share Price

Media headlines about Eaton Vance (NYSE:EV) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eaton Vance earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 46.0294522417704 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

A number of equities research analysts recently weighed in on EV shares. Zacks Investment Research upgraded shares of Eaton Vance from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Jefferies Group restated a “hold” rating and issued a $46.00 target price on shares of Eaton Vance in a report on Thursday, October 26th. Bank of America upped their target price on shares of Eaton Vance from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $53.00 price objective on shares of Eaton Vance in a research note on Friday, November 10th. Finally, ValuEngine upgraded shares of Eaton Vance from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $53.44.

Shares of Eaton Vance (NYSE:EV) traded up $0.04 during mid-day trading on Thursday, hitting $55.43. 68,508 shares of the stock traded hands, compared to its average volume of 755,898. The company has a debt-to-equity ratio of 0.62, a quick ratio of 5.44 and a current ratio of 5.44. Eaton Vance has a 12 month low of $42.20 and a 12 month high of $60.95. The stock has a market cap of $6,364.40, a price-to-earnings ratio of 22.89, a P/E/G ratio of 0.81 and a beta of 1.79.

Eaton Vance (NYSE:EV) last issued 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 company had revenue of $405.70 million for 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 company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. equities research analysts anticipate that Eaton Vance will post 3.28 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, January 30th. Eaton Vance’s dividend payout ratio (DPR) is presently 51.24%.

In other Eaton Vance news, CEO Matthew J. Witkos sold 25,000 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $60.35, for a total value of $1,508,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dorothy E. Puhy sold 9,490 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $60.49, for a total transaction of $574,050.10. The disclosure for this sale can be found here.

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About Eaton Vance

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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