Revenue Update on Eaton Vance Corp(NYSE:EV)

Eaton Vance Corp(NYSE:EV) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $354.959M. Analysts estimated a revenue of $350.930M. The revenues were 1.15% above the estimates. Earnings per share were $0.53. The reported EPS was below estimates by -7.02%. Analysts had estimated an EPS of $0.57.

Eaton Vance Corp (EV) made into the market gainers list on Wednesdays trading session with the shares advancing 4.70% or 2.09 points. Due to strong positive momentum, the stock ended at $46.53, which is also near the day’s high of $46.7. The stock began the session at $45.55 and the volume stood at 10,52,092 shares. The 52-week high of the shares is $46.7 and the 52 week low is $26.98. The company has a current market capitalization of $5,304 M and it has 11,39,87,940 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 26, 2017, Frederick S Marius (Chief Legal Officer) sold 45,893 shares at $43.71 per share price.Also, On Dec 8, 2016, Ann E Berman (director) sold 13,188 shares at $43.05 per share price.On Dec 8, 2016, Winthrop H Jr Smith (director) sold 5,943 shares at $42.19 per share price, according to the Form-4 filing with the securities and exchange commission.

Eaton Vance Corp is managing investment funds and providing investment management and advisory services to institutions and high-net-worth individuals. The Company develops and sustains management expertise across a range of investment disciplines and offers investment products and services through multiple distribution channels. The Company’s principal investment affiliates Eaton Vance Management Parametric Atlanta Capital and Hexavest offer a range of strategies. The Eaton Vance Management offers Equity income and alternative strategies based on in-depth fundamental analysis. The Parametric offers rules-based alpha-seeking equity alternative and options strategies and implementation services. The Atlanta Capital actively manages high-quality US stock and bond portfolios constructed using bottom-up fundamental analysis. The Hexavest offer global equity and tactical allocation strategies combining fundamental research and quantitative models.

Add Comment