Trade-Ideas: Evercore Partners (EVR) Is Today's Pre-Market Mover With Heavy Volume Stock
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Evercore Partners as such a stock due to the following factors:
- EVR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $27.0 million.
- EVR traded 52,904 shares today in the pre-market hours as of 9:06 AM, representing 11.3% of its average daily volume.
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More details on EVR:
Evercore Partners Inc. operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally. The company operates through two segments, Investment Banking and Investment Management. The stock currently has a dividend yield of 2.2%. EVR has a PE ratio of 48. Currently there are 2 analysts that rate Evercore Partners a buy, no analysts rate it a sell, and 2 rate it a hold.
The average volume for Evercore Partners has been 342,600 shares per day over the past 30 days. Evercore has a market cap of $2.1 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.67 and a short float of 4.9% with 3.64 days to cover. Shares are up 8.8% year-to-date as of the close of trading on Tuesday.
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Analysis:
rates Evercore Partners as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- The revenue growth greatly exceeded the industry average of 4.5%. Since the same quarter one year prior, revenues rose by 35.6%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- EVERCORE PARTNERS INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, EVERCORE PARTNERS INC increased its bottom line by earning $2.07 versus $1.42 in the prior year. This year, the market expects an improvement in earnings ($3.10 versus $2.07).
- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Capital Markets industry. The net income has significantly decreased by 70.4% when compared to the same quarter one year ago, falling from $24.31 million to $7.20 million.
- The gross profit margin for EVERCORE PARTNERS INC is rather low; currently it is at 17.91%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 2.29% significantly trails the industry average.
- You can view the full Evercore Partners Ratings Report.
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