Eaton Vance Corp (EV) Files 10-K for the Fiscal Year Ended on October 31, 2017
- By insider
Eaton Vance Corp (EV) files its latest 10-K with SEC for the fiscal year ended on October 31, 2017. 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 $6.76 billion; its shares were traded at around $57.04 with a P/E ratio of 23.57 and P/S ratio of 4.48. The dividend yield of Eaton Vance Corp stocks is 2.00%. Eaton Vance Corp had annual average EBITDA growth of 6.40% over the past ten years. GuruFocus rated Eaton Vance Corp the business predictability rank of 2-star.
Warning! GuruFocus has detected 5 Warning Sign with EV. Click here to check it out.
The intrinsic value of EV
For the last quarter Eaton Vance Corp reported a revenue of $405.7 million, compared with the revenue of $346.8 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.5 billion, an increase of 13.9% from last year. For the last five years Eaton Vance Corp had an average revenue growth rate of 3.2% a year.
The reported diluted earnings per share was $2.42 for the year, an increase of 14.2% from previous year. Over the last five years Eaton Vance Corp had an EPS growth rate of 7.2% a year. The Eaton Vance Corp enjoyed an operating margin of 31.57%, compared with the operating margin of 30.85% a year before. The 10-year historical median operating margin of Eaton Vance Corp is 31.83%. The profitability rank of the company is 6 (out of 10).
At the end of the fiscal year, Eaton Vance Corp has the cash and cash equivalents of $610.6 million, compared with $424.2 million in the previous year. The long term debt was $618.8 million, compared with $574.0 million in the previous year. The interest coverage to the debt is at a comfortable level of 17.6. Eaton Vance Corp has a financial strength rank of 7 (out of 10).
At the current stock price of $57.04, Eaton Vance Corp is traded at 30.6% premium to its historical median P/S valuation band of $43.69. The P/S ratio of the stock is 4.48, while the historical median P/S ratio is 3.43. The intrinsic value of the stock is $29.61 a share, according to GuruFocus DCF Calculator. The stock gained 40.08% during the past 12 months.
For the complete 20-year historical financial data of EV, click here.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 5 Warning Sign with EV. Click here to check it out.
The intrinsic value of EV
