Eaton Vance Corp (NYSE:EV): Stock under Discussion

The shares of Eaton Vance Corp (NYSE:EV) currently has mean rating of 3.11 while Zero analysts have recommended the shares as “BUY”, 1 recommended as “OUTPERFORM” and 6 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending July-16 is 340.52 million by 7 analysts. The means estimate of sales for the year ending Oct-16 is 1.34 billion by 8 analysts.

The mean price target for the shares of Eaton Vance Corp (NYSE:EV) is at 36.07 while the highest price target suggested by the analysts is 43.00 and low price target is 32.00. The mean price target is calculated keeping in view the consensus of 7 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Eaton Vance Corp (NYSE:EV) stands at 0.55 while the EPS for the current year is fixed at 2.10 by 10 analysts.

The next one year’s EPS estimate is set at 2.40 by 10 analysts while a year ago the analysts suggested the company’s EPS at 2.10. The analysts also projected the company’s long-term growth at 7.08% for the upcoming five years.

In its latest quarter ended on 30^th April 2016, Eaton Vance Corp (NYSE:EV) reported earnings of $0.48. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

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. As of October 31, 2004, the company provided investment advisory or administration services to approximately 150 funds; approximately 1,300 separately managed individual and institutional accounts; and participated in approximately 40 retail-managed account broker/dealer programs. It markets and distributes shares of funds through a retail network of national and regional broker/dealers, banks, insurance companies, and financial planning firms. Eaton Vance Corp. was founded in 1944 and is headquartered in Boston, Massachusetts.