Eaton Vance 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. The company was founded in 1944 and is based in Boston, Massachusetts.
EV Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Eaton Vance Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Eaton Vance Corp ranked in the 27th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. The most interesting components of our discounted cash flow analysis for Eaton Vance Corp ended up being:
As a business, EV is generating more cash flow than 52.25% of positive cash flow stocks in the Financial Services.
Eaton Vance Corp's weighted average cost of capital (WACC) is 8%; for context, that number is higher than just 14.94% of tickers in our DCF set.
Eaton Vance Corp's effective tax rate, as measured by taxes paid relative to net income, is at 22 -- greater than 83.42% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Financial Services that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as EV, try CNFR, PRA, SLF, GDOT, and HLNE.
In connection with the proposed acquisition of Eaton Vance Corp. (NYSE: EV) by Morgan Stanley (NYSE: MS) announced on October 8, 2020, shareholders of Eaton Vance Floating-Rate Income Trust (NYSE: EFT), Eaton Vance New York Municipal Income Trust (NYSE American: EVY), Eaton Vance Senior Floating-Rate Trust (NYSE: EFR) and Eaton Vance Senior Income Trust (NYSE: EVF) (each, a "Fund" and, collectively, the "Funds") were asked to approve new investment advisory agreements for the Funds at a joint special meeting of shareholders held on January 12, 2021 (the "Meeting").
Eaton Vance Corp. (NYSE: EV) today reported consolidated assets under management of $583.1 billion on December 31, 2020. This compares to $515.7 billion on October 31, 2020, the close of the Company's fourth fiscal quarter.
Eaton Vance (EV) declares $0.375/share quarterly dividend, in line with previous.Forward yield 2.07%Payable Feb. 12; for shareholders of record Jan. 29; ex-div Jan. 28.See EV Dividend Scorecard, Yield Chart, & Dividend Growth....
The Board of Directors of Eaton Vance Corp. (NYSE: EV) today declared a quarterly dividend of $0.375 per share on its common stock. The dividend is payable February 12, 2021, to shareholders of record on January 29, 2021.
Calvert Research and Management (Calvert), a subsidiary of Eaton Vance Corp. (NYSE: EV), today announced that Anthony Eames, Calvert's Director of Responsible Investment Strategy, has been elected to the board of directors of US SIF: The Forum for Sustainable and Responsible Investment. Mr. Eames also will serve on board of the US SIF Foundation. US SIF's 13-member board of directors provides strategic guidance to advance sustainable and impact investing across all asset classes.