Eaton Vance Corp (EV) reported quarterly earnings results on Wednesday, May-25-2016. The company reported $0.48 EPS for the quarter. Analysts had a consensus estimate of $0.48. The company posted revenue of $323.30 million in the period, compared to analysts expectations of $322.37 million. The company’s revenue was down -8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.
Eaton Vance Corp opened for trading at $34.99 and hit $35.54 on the upside on Friday, eventually ending the session at $35.25, with a gain of 1.41% or 0.49 points. The heightened volatility saw the trading volume jump to 7,19,577 shares. Company has a market cap of $4,060 M.
In a different news, on Mar 3, 2016, Dorothy E Puhy (director) sold 2,500 shares at $30.18 per share price. According to the SEC, on Jan 22, 2016, Winthrop H Jr Smith (director) purchased 1,000 shares at $26.89 per share price. On Dec 9, 2015, Leo I Jr Higdon (director) sold 8,402 shares at $36.08 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 Companys 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.