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Eaton Vance Corp (EV) Files 10-K for the Fiscal Year Ended on October 31, 2018

- By insider

Eaton Vance Corp (EV) files its latest 10-K with SEC for the fiscal year ended on October 31, 2018. Eaton Vance Corp is engaged in providing asset management and investment advisory services to institutional and individual investors, high-net-worth clients, institutional separate accounts, and retail managed accounts. Eaton Vance Corp has a market cap of $3.9 billion; its shares were traded at around $33.36 with a P/E ratio of 10.72 and P/S ratio of 2.39. The dividend yield of Eaton Vance Corp stocks is 3.85%. Eaton Vance Corp had annual average EBITDA growth of 6.50% over the past ten years. GuruFocus rated Eaton Vance Corp the business predictability rank of 2.5-star.


For the last quarter Eaton Vance Corp reported a revenue of $436.0 million, compared with the revenue of $405.7 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.7 billion, an increase of 11.3% from last year. For the last five years Eaton Vance Corp had an average revenue growth rate of 3.6% a year.

The reported diluted earnings per share was $3.11 for the year, an increase of 28.5% from previous year. Over the last five years Eaton Vance Corp had an EPS growth rate of 10.9% a year. The Eaton Vance Corp enjoyed an operating margin of 32.62%, compared with the operating margin of 31.57% a year before. The 10-year historical median operating margin of Eaton Vance Corp is 32.04%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, Eaton Vance Corp has the cash and cash equivalents of $817.3 million, compared with $610.6 million in the previous year. The long term debt was $1.5 billion, compared with $631.4 million in the previous year. The interest coverage to the debt is at a comfortable level of 14.3. Eaton Vance Corp has a financial strength rank of 6 (out of 10).

At the current stock price of $33.36, Eaton Vance Corp is traded at 28.5% discount to its historical median P/S valuation band of $46.65. The P/S ratio of the stock is 2.39, while the historical median P/S ratio is 3.41. The intrinsic value of the stock is $39.29 a share, according to GuruFocus DCF Calculator. The stock lost 38.64% during the past 12 months.

Directors and Officers Recent Trades:

  • Director Winthrop H Jr Smith bought 10,000 shares of EV stock on 12/18/2018 at the average price of $34.89. The price of the stock has decreased by 4.39% since.

For the complete 20-year historical financial data of EV, click here.

This article first appeared on GuruFocus.