RSS
Eaton Vance Sees Higher Profits; Misses Estimates (EV)
Investment management company, Eaton Vance Corp(EV
) reported an increase in earnings for the first quarter, but missed analysts estimates on Wednesday.
The Boston, MA based company reported first quarter earnings of $49.81 million, or 38 cents per share, up 5% from $47.27 million, or 40 cents per share last year. Excluding special items, earnings were 50 cents per share, up from 47 cents per share last year. Analysts expected to see EPS of 52 cents per share.
Revenue for the quarter rose to $318.52 million, from $295.61 million last year. Analysts expected to see $317.36 million in revenue.
Eaton Vance shares were down -$1.14, or -2.79% during Wednesday morning trading. The stock has increased 41% in the past year.
The Bottom Line
Shares of Eaton Vance Corp(EV) have a 1.96% yield, based on Tuesday’s closing price of $40.86.
Eaton Vance Corp(EV) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
FREE Dividend Stock Newsletter
Get the Dividend.com email newsletter to receive:
- A free copy of our acclaimed report, 5 Rules of Winning Dividend Stock Investing
- Free daily investing tips and picks from Dividend.com CEO Paul Rubillo
- Tons of great market analysis and recommendations
MOST POPULAR ARTICLES ON DIVIDEND.COM
ABOUT THIS ARTICLE
THE BEST DIVIDEND STOCKS
Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the 
ADVERTISING PARTNERS
