Eaton Vance Corp (EV) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Eaton Vance Corp (EV) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. EV reported $0.57 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.59. The company posted revenue of $346.85 million in the period, compared to analysts expectations of $348.96 million. EV’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Eaton Vance Corp closed down -0.34 points or -0.84% at $40.14 with 5,70,090 shares getting traded on Monday. Post opening the session at $40.4, the shares hit an intraday low of $40.05 and an intraday high of $40.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Nov 1, 2016, Thomas E Jr Faust (CEO) sold 25,537 shares at $35.33 per share price. According to the SEC, on Nov 1, 2016, Laurie G Hylton (Chief Financial Officer) sold 25,184 shares at $35.20 per share price. On Oct 26, 2016, Leo I Jr Higdon (director) sold 8,197 shares at $37.66 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.

Eaton Vance Corp

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