Eaton Vance (EV) Receiving Somewhat Positive Press Coverage, Report Shows

Media headlines about Eaton Vance (NYSE:EV) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eaton Vance earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 45.9818035296587 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Eaton Vance (NYSE EV) opened at $52.53 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 5.44 and a current ratio of 5.44. The company has a market capitalization of $6,559.23, a price-to-earnings ratio of 21.71, a PEG ratio of 0.84 and a beta of 1.79. Eaton Vance has a 1-year low of $42.20 and a 1-year high of $60.95.

Eaton Vance (NYSE:EV) last announced its earnings results on Tuesday, November 21st. The asset manager reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). The business had revenue of $405.70 million for the quarter, compared to the consensus estimate of $407.75 million. Eaton Vance had a return on equity of 33.45% and a net margin of 18.45%. Eaton Vance’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 EPS. research analysts expect that Eaton Vance will post 3.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Tuesday, January 30th. Eaton Vance’s payout ratio is presently 51.24%.

Several research analysts have issued reports on EV shares. Deutsche Bank started coverage on Eaton Vance in a research note on Tuesday, October 17th. They set a “buy” rating and a $57.00 price objective for the company. Zacks Investment Research lowered Eaton Vance from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Jefferies Group reiterated a “hold” rating and set a $46.00 price objective on shares of Eaton Vance in a research note on Thursday, October 26th. Bank of America increased their price objective on Eaton Vance from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $53.00 price objective on shares of Eaton Vance in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.44.

In other news, CEO Matthew J. Witkos sold 25,000 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $60.35, for a total transaction of $1,508,750.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dorothy E. Puhy sold 9,490 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $60.49, for a total value 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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