NYSE:EV - Eaton Vance Stock Price, Forecast & News

Eaton Vance's stock was trading at $33.01 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, EV shares have decreased by 10.3% and is now trading at $29.60. View which stocks have been mosted impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eaton Vance in the last year. There are currently 6 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Eaton Vance.

Eaton Vance is scheduled to release its next quarterly earnings announcement on Tuesday, May 19th 2020. View our earnings forecast for Eaton Vance.

Eaton Vance Corp (NYSE:EV) announced its quarterly earnings results on Wednesday, February, 26th. The asset manager reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.01. The asset manager earned $452.50 million during the quarter, compared to analysts' expectations of $443.98 million. Eaton Vance had a net margin of 24.13% and a return on equity of 35.29%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 earnings per share. View Eaton Vance's earnings history.

Eaton Vance declared a quarterly dividend on Friday, January 10th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.375 per share on Friday, February 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date is Thursday, January 30th. View Eaton Vance's dividend history.

Eaton Vance announced that its Board of Directors has initiated a share buyback program on Wednesday, July 10th 2019, which permits the company to buyback 8,000,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

6 analysts have issued 1-year price targets for Eaton Vance's shares. Their forecasts range from $29.00 to $51.00. On average, they expect Eaton Vance's share price to reach $41.67 in the next twelve months. This suggests a possible upside of 40.8% from the stock's current price. View analysts' price targets for Eaton Vance.

News headlines about EV stock have trended very positive this week, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Eaton Vance earned a news sentiment score of 4.0 on InfoTrie's scale. They also assigned media headlines about the asset manager a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutEaton Vance.

Eaton Vance saw a drop in short interest in February. As of February 28th, there was short interest totaling 2,370,000 shares, a drop of 15.4% from the February 13th total of 2,800,000 shares. Based on an average daily trading volume, of 566,000 shares, the days-to-cover ratio is presently 4.2 days. Currently, 2.2% of the shares of the stock are short sold. View Eaton Vance's Current Options Chain.

Some companies that are related to Eaton Vance include BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Northern Trust (NTRS), Ameriprise Financial (AMP), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Invesco (IVZ), Legg Mason (LM), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII) and Golub Capital BDC (GBDC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Eaton Vance investors own include AT&T (T), Exxon Mobil (XOM), Cisco Systems (CSCO), IBM (IBM), Johnson & Johnson (JNJ), Verizon Communications (VZ), Intel (INTC), PepsiCo (PEP), AbbVie (ABBV) and Pfizer (PFE).

Eaton Vance trades on the New York Stock Exchange (NYSE) under the ticker symbol "EV."

Shares of EV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of EV stock can currently be purchased for approximately $29.60.

Eaton Vance has a market capitalization of $3.38 billion and generates $1.68 billion in revenue each year. The asset manager earns $400.04 million in net income (profit) each year or $3.45 on an earnings per share basis. Eaton Vance employs 1,871 workers across the globe. View additional information about Eaton Vance.

The official website for Eaton Vance is http://www.eatonvance.com/.

Eaton Vance's mailing address is TWO INTERNATIONAL PLACE, BOSTON MA, 02110. The asset manager can be reached via phone at 617-482-8260.