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Last $59.15 USD
Change Today 0.00 / 0.00%
Volume 0.0
EVR On Other Exchanges
Symbol
Exchange
New York
Berlin
Mexico
As of 8:04 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

evercore partners inc-cl a (EVR) Snapshot

Open
$58.50
Previous Close
$58.54
Day High
$59.40
Day Low
$58.17
52 Week High
07/30/15 - $59.40
52 Week Low
10/15/14 - $44.67
Market Cap
2.4B
Average Volume 10 Days
531.8K
EPS TTM
$1.88
Shares Outstanding
36.4M
EX-Date
08/26/15
P/E TM
31.5x
Dividend
$1.12
Dividend Yield
1.84%
Current Stock Chart for EVERCORE PARTNERS INC-CL A (EVR)

evercore partners inc-cl a (EVR) Details

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 Investment Banking segment offers advisory services on mergers, acquisitions, divestitures, leveraged buyouts, and related corporate finance matters; capital markets advice relating to debt and equity securities; and services related to securities underwriting, private fund placement services, and commissions for agency-based equity trading services and equity research. This segment also raises funds for financial sponsors; and provides restructuring advice to companies in financial transition, as well as to creditors, shareholders, and potential acquirers. The Investment Management segment manages financial assets for institutional investors; provides independent fiduciary services to corporate employee benefit plans; offers wealth management services for high net-worth individuals; and manages private equity funds. Evercore Partners Inc. was founded in 1996 and is based in New York, New York.

1,300 Employees
Last Reported Date: 02/27/15
Founded in 1996

evercore partners inc-cl a (EVR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $2.7M
Founder and Executive Chairman
Total Annual Compensation: $3.8M
Chief Financial Officer, Senior Managing Dire...
Total Annual Compensation: $1.3M
Chief Executive Officer of European Investmen...
Total Annual Compensation: $2.6M
Compensation as of Fiscal Year 2014.

evercore partners inc-cl a (EVR) Key Developments

Evercore Appoints Edmund D. Baxter as Senior Managing Director in its Healthcare Group

Evercore announced that Edmund D. Baxter has joined the Firm's Investment Banking business as a Senior Managing Director in its Healthcare Group.  Mr. Baxter is based in Menlo Park, California and will focus on advising clients on advisory and capital raising activities in the Life Sciences sector. Mr. Baxter was most recently a Senior Managing Director at Bank of America Merrill Lynch as Head of their West Coast Life Sciences coverage effort.  With over 17 years of investment banking experience across strategic advisory, equity capital markets and debt capital markets, Mr. Baxter brings a wealth of experience and expertise to investment banking clients in healthcare.  He has advised his clients on a number of notable strategic transactions, including BioMarin's acquisition of Prosensa, the sale of Furiex to Forest Laboratories, the sale of Ardea to AstraZeneca, the separation of Theravance Biopharma from Theravance Inc. and Gilead's acquisition of Pharmasset and on capital markets transactions for the aforementioned clients and numerous others including equity offerings, convertible debt, traditional debt and royalty financings.  Mr. Baxter began his financial services career in 1991 as a bank examiner for the FDIC.

Evercore Partners Inc. Declares Quarterly Dividend, Payable on September 11, 2015; Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

On July 20, 2015, the board of directors of Evercore Partners Inc. declared a quarterly dividend of $0.28 per share to be paid on September 11, 2015 to common stockholders of record on August 28, 2015. The company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. U.S. GAAP net revenues were $268.1 million for the quarter ended June 30, 2015, compared to $217.7 million for the quarter ended June 30, 2014. U.S. GAAP net income attributable to Evercore Partners Inc. for the second quarter was $10.8 million, or $0.26 per share, compared to $24.3 million, or $0.58 per share, a year ago. Adjusted pro forma net revenues were $268.5 million for the quarter ended June 30, 2015, an increase of 24% compared to $217.3 million for the quarter ended June 30, 2014. Adjusted pro forma net income attributable to Evercore Partners Inc. was $33.9 million for the second quarter, up 10% compared to $30.7 million a year ago. Adjusted pro forma earnings per share was $0.65 for the quarter, down 2% in comparison to the prior year period. Income before income taxes was $33.109 million against $45.073 million a year ago. Net income was $16.386 million against $29.686 million a year ago. Operating income was $31.111 million against $43.035 million a year ago. Adjusted pro forma operating income was $58.756 million against $51.429 million a year ago. The company reported that U.S. GAAP net revenues were $506.1 million for the six months ended June 30, 2015, compared to $366.8 million for the six months ended June 30, 2014. U.S. GAAP net income attributable to Evercore Partners Inc. for the six months ended June 30, 2015 was $15.1 million, or $0.35 per share, compared to $34.8 million, or $0.83 per share, for the same period last year. Adjusted pro forma net revenues were $506.7 million for the six months ended June 30, 2015, an increase of 38% compared to $366.2 million for the six months ended June 30, 2014. Adjusted pro forma net income attributable to Evercore Partners Inc. was $63.7 million for the six months ended June 30, 2015, up 40% compared to $45.4 million for the same period last year. Adjusted pro forma earnings per share was $1.20 for the six months ended June 30, 2015, up 24% in comparison to the prior year period. Income before income taxes was $45.214 million against $66.028 million a year ago. Net income was $22.279 million against $43.078 million a year ago. Operating income was $42.109 million against $63.749 million a year ago. Adjusted pro forma operating income was $109.229 million against $77.817 million a year ago.

Great Atlantic & Pacific Files For Bankruptcy; To Sell Stores

The Great Atlantic & Pacific Tea Company, Inc. has filed for bankruptcy protection for the second time in five years and put hundreds of its stores on the block. Evercore Partners Inc. (NYSE:EVR) has been retained for the sale of the stores. The company will try to find buyers for about 150 other stores it hoped to sell as an ongoing business, according to the documents. An auction will be held in September 2015.

 

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Industry Analysis

EVR

Industry Average

Valuation EVR Industry Range
Price/Earnings 36.8x
Price/Sales 2.0x
Price/Book 4.4x
Price/Cash Flow 27.0x
TEV/Sales 1.5x
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