Equities analysts expect Evergy (NYSE:EVRG) to report earnings per share of $1.72 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Evergy’s earnings. Evergy posted earnings of $1.57 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.6%. The business is scheduled to report its next quarterly earnings report on Wednesday, November 4th.
On average, analysts expect that Evergy will report full-year earnings of $3.00 per share for the current financial year. For the next year, analysts anticipate that the business will report earnings of $3.25 per share, with EPS estimates ranging from $3.20 to $3.29. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Evergy.
Evergy (NYSE:EVRG) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.68 EPS for the quarter, meeting the consensus estimate of $0.68. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.22 billion. Evergy had a net margin of 12.64% and a return on equity of 8.09%. During the same period in the previous year, the business earned $0.58 earnings per share.
Several equities research analysts have recently issued reports on EVRG shares. Zacks Investment Research upgraded shares of Evergy from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research note on Wednesday, June 3rd. ValuEngine downgraded shares of Evergy from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $58.00 price objective on shares of Evergy in a report on Tuesday, September 1st. Evercore ISI raised shares of Evergy from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $64.00 to $69.00 in a report on Wednesday, June 3rd. Finally, Wells Fargo & Co cut their price objective on shares of Evergy from $66.00 to $58.00 and set an “equal weight” rating for the company in a report on Thursday, August 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Evergy has an average rating of “Hold” and an average price target of $66.70.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in shares of Evergy by 12.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 57,019 shares of the company’s stock valued at $3,381,000 after acquiring an additional 6,500 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in shares of Evergy by 6.6% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 34,096 shares of the company’s stock valued at $1,877,000 after acquiring an additional 2,096 shares during the period. Acadian Asset Management LLC increased its position in shares of Evergy by 3.9% in the first quarter. Acadian Asset Management LLC now owns 194,922 shares of the company’s stock valued at $10,731,000 after acquiring an additional 7,344 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Evergy by 12.9% in the first quarter. The Manufacturers Life Insurance Company now owns 251,325 shares of the company’s stock valued at $13,835,000 after acquiring an additional 28,725 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of Evergy by 561.0% in the first quarter. Two Sigma Investments LP now owns 63,954 shares of the company’s stock valued at $3,521,000 after acquiring an additional 54,278 shares during the period. 81.34% of the stock is owned by institutional investors.
Shares of NYSE:EVRG traded down $0.57 during trading on Tuesday, hitting $51.87. 1,890,939 shares of the company were exchanged, compared to its average volume of 2,434,871. The business’s 50 day moving average is $57.04 and its 200-day moving average is $59.77. The company has a quick ratio of 0.61, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. Evergy has a 1-year low of $42.01 and a 1-year high of $76.57. The company has a market capitalization of $11.77 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 2.70 and a beta of 0.37.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Wednesday, August 19th. Evergy’s dividend payout ratio is currently 69.90%.
Evergy Company Profile
Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.
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