Eaton Vance Corporation (NYSE:EV) is reporting third quarter financial results on Wednesday 26th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, EV is expected to report 3Q20 income of $ 0.78 per share from revenue of $ 406.23 million.
For the full year, analysts anticipate top line of $ 1680.82 million, while looking forward to income of $ 3.23 per share bottom line.
Previous Quarter Performance
Eaton Vance Corporation unwinded income for the second quarter of $ 0.80 per share, from the revenue of $ 405.91 million. The quarterly earnings fell 10.11 percent compared with the same quarter last year. According to street consensus, EV was expected to report 2Q20 income of $ 0.76 per share from revenue of $ 427.78 million. The bottom line results beat street analysts by $ 0.04 or 5.26 percent, at the same time, top line results fell short of analysts by $ 21.87 million or 5.11 percent.
Stock Performance
Shares of Eaton Vance Corporation traded low $ -0.52 or -1.31 percent on Tuesday, reaching $ 39.06 with volume of 250.20 thousand shares. The stock opened positive for the day at $ 39.84, after closing the previous day trading at $ 39.58.
According to the previous trading day, closing price of $ 39.58, representing a 67.78 % increase from the 52 week low of $ 23.59 and a 23.58 % decrease over the 52 week high of $ 51.79.
The company has a market capital of $ 4.47 billion and is part of the Financial Services sector and Asset Management industry.
Recent Analyst recommendations
- On 9th July 2020, maintained by Deutsche Bank at Hold rating, with $ 37.00 target price.
Recent Stock Dividend Announcement
On July 15, 2020, the board of directors authorized quarterly dividend of $ 0.375 per share to holders of record as of the close of business on July 31, 2020, with payment date of August 14, 2020 and ex-dividend date on July 30, 2020.
Conference Call
Eaton Vance Corporation will be hosting a conference call at 11:00 AM eastern time on 26th August 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 866-521-4909 or 647-427-2311 Outside U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.eatonvance.com/overview.php
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.
