Eaton Vance (EV) Tops Q4 EPS by 4c

Eaton Vance (NYSE: EV) reported Q4 EPS of $0.68, $0.04 better than the analyst estimate of $0.64. Revenue for the quarter came in at $368.4 million versus the consensus estimate of $368.8 million.

"A strong fourth quarter enabled Eaton Vance to close fiscal 2014 with record earnings and our 19th consecutive year of positive net flows," said Thomas E. Faust Jr., Chairman and Chief Executive Officer. "We enter fiscal 2015 with favorable investment performance trends, improving net flows and the prospect of leading the evolution of actively managed funds to a better-performing and more tax-efficient structure with the potential launch of the initial NextShares™. It promises to be an exciting year."

Consolidated assets under management were $297.7 billion on October 31, 2014, an increase of 6 percent from the $280.7 billion of managed assets on October 31, 2013 and an increase of 3 percent from the $288.2 billion of managed assets on July 31, 2014. The year over year increase in ending assets under management reflects market appreciation of $14.4 billion and net inflows of $2.8 billion. The sequential quarterly increase in ending assets under management reflects net inflows of $6.8 billion and market price appreciation of $2.8 billion.

Average consolidated assets under management were $293.8 billion in the fourth quarter of fiscal 2014, up 8 percent from $271.4 billion in the fourth quarter of fiscal 2013 and up 2 percent from $289.3 billion in the third quarter of fiscal 2014.

For earnings history and earnings-related data on Eaton Vance (EV) click here.

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