Does Earnings Surprise History Hold Any Clue for Eaton Vance (NYSE:EV)

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Earnings results for Eaton Vance (NYSE:EV)

Eaton Vance Corporation is expected* to report earnings on 11/24/2020 before market open. The report will be for the fiscal Quarter ending Oct 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.86. The reported EPS for the same quarter last year was $0.95.

Eaton Vance last released its earnings data on August 26th, 2020. The asset manager reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. The firm earned $420.80 million during the quarter, compared to analyst estimates of $411.05 million. Its revenue for the quarter was down 2.4% compared to the same quarter last year. Eaton Vance has generated $3.45 earnings per share over the last year and currently has a price-to-earnings ratio of 26.7. Eaton Vance has confirmed that its next quarterly earnings report will be published on Tuesday, November 24th, 2020.

Analyst Opinion on Eaton Vance (NYSE:EV)

7 Wall Street analysts have issued ratings and price targets for Eaton Vance in the last 12 months. Their average twelve-month price target is $48.29, predicting that the stock has a possible downside of 28.01%. The high price target for EV is $65.00 and the low price target for EV is $41.00. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Eaton Vance has received a consensus rating of Hold. The company’s average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings. According to analysts’ consensus price target of $48.29, Eaton Vance has a forecasted downside of 28.0% from its current price of $67.07. Eaton Vance has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Eaton Vance (NYSE:EV)

Eaton Vance pays a meaningful dividend of 2.28%, higher than the bottom 25% of all stocks that pay dividends. Eaton Vance has been increasing its dividend for 25 years. The dividend payout ratio of Eaton Vance is 43.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Eaton Vance will have a dividend payout ratio of 42.61% next year. This indicates that Eaton Vance will be able to sustain or increase its dividend.

Insiders buying/selling: Eaton Vance (NYSE:EV)

In the past three months, Eaton Vance insiders have not sold or bought any company stock. 68.35% of the stock of Eaton Vance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Eaton Vance (NYSE:EV

Earnings for Eaton Vance are expected to grow by 5.39% in the coming year, from $3.34 to $3.52 per share. The P/E ratio of Eaton Vance is 26.72, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.49. The P/E ratio of Eaton Vance is 26.72, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 20.87. Eaton Vance has a PEG Ratio of 3.13. PEG Ratios above 1 indicate that a company could be overvalued. Eaton Vance has a P/B Ratio of 6.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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