Eaton Story

<div class='circular--portrait' style='background:#800000;color: #F8F8FF;font-size:4em;'>EV</div>
EV -- USA Stock  

USD 62.06  0.09  0.15%

The next fiscal quarter end is expected on the 31st of October 2020. The stock still experiences an active upward rally. Eaton Vance Accounts Payable Turnover is fairly stable at the moment as compared to the past year. Eaton Vance reported Accounts Payable Turnover of 21.34 in 2019. Accrued Expenses Turnover is likely to climb to 7.63 in 2020, whereas Average Assets are likely to drop slightly above 3.5 B in 2020. While some millenniums are indifferent towards financial services space, it makes sense to focus on Eaton Vance as a unique investment alternative. We will analyze why Eaton Vance investors may still consider a stake in the business.
Published over two weeks ago
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Should I exit my Eaton (NYSE:EV) position?
The company reports 927.68 M of total liabilities with total debt to equity ratio (D/E) of 0.64, which is normal for its line of buisiness. Eaton Vance advice module can be used to check and cross-verify current investment recommendation provided by analysts reviewing the company's potential to grow using all of fundamental, technical, data market data available at the time.
Eaton Vance financial leverage ratio helps determine the effect of debt on the overall profitability of the company. It measures the total debt position of Eaton Vance, including all of Eaton Vance's outstanding debt obligations, and compares it with the equity. In simple terms, the high financial leverage means the cost of production, together with running the business day-to-day, is high, whereas, lower financial leverage implies lower fixed cost investment in the business and generally considered by investors to be a good sign. So if creditors own a majority of Eaton Vance assets, the company is considered highly leveraged. Understanding the composition and structure of overall Eaton Vance debt and outstanding corporate bonds gives a good idea of how risky the capital structure of a business is and if it is worth investing in it. Please read more on our technical analysis page.

Understanding Eaton Total Liabilities

Eaton Vance liabilities are broken down into two parts on the balance sheet. These are short-term (or current) obligations and long-term debt. Eaton Vance has to fulfill its short-term liabilities in this reporting year and should be no more than 12 months old. Long-term debt, on the other hand, is anything beyond the 12-month payment timeframe. Common short-term liabilities found on Eaton Vance balance sheet include debt obligations and money owed to different Eaton Vance vendors, workers, and loan providers. Below is the chart of Eaton short long-term liabilities accounts currently reported on its balance sheet.
You can use Eaton Vance financial leverage analysis tool to get a better grip on understanding its financial position

How important is Eaton Vance's Liquidity

Eaton Vance financial leverage refers to using borrowed capital as a funding source to finance Eaton Vance ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Eaton Vance financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Eaton Vance's total debt and its cash.

Breaking it down a bit more

The latest price climb of Eaton Vance could raise concerns from sophisticated investors as the firm it trading at a share price of 40.16 on 667,900 in volume. The company management teams may have good odds in positioning the firm resources to exploit market volatility in November. The stock standard deviation of daily returns for 30 days investing horizon is currently 6.39. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Eaton Vance partners.

Asset Breakdown

869 M
Assets Non Current
364.2 M
588 M
Current Assets
Total Assets5.28 Billion
Current Assets588.03 Million
Assets Non Current868.98 Million
Goodwill364.18 Million
Tax Assets55.91 Million

Eaton Vance to rebound in November

Latest value at risk indicator falls down to -3.43. Possible price increase? As of the 9th of October, Eaton Vance shows the Coefficient Of Variation of 1270.41, mean deviation of 1.68, and Downside Deviation of 1.92. Eaton Vance technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Eaton Vance, which can be compared to its rivals. Please confirm Eaton Vance variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Eaton Vance is priced favorably, providing market reflects its regular price of 40.16 per share. Given that Eaton Vance has jensen alpha of 0.1738, we urge you to verify Eaton Vance's prevailing market performance to make sure the company can sustain itself at a future point.

The Current Takeaway on Eaton Vance Investment

While some other firms in the asset management industry are either recovering or due for a correction, Eaton Vance may not be performing as strong as the other in terms of long-term growth potentials. To conclude, as of the 9th of October 2020, we believe that Eaton Vance is currently fairly valued with below average probability of distress in the next two years. Our primary 30 days advice on the venture is Cautious Hold.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Eaton Vance. Please refer to our Terms of Use for any information regarding our disclosure principles.

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