$1.46 EPS Expected for Evergy (NASDAQ:EVRG) This Quarter

Wall Street analysts forecast that Evergy (NASDAQ:EVRG) will report earnings per share (EPS) of $1.46 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Evergy’s earnings, with the lowest EPS estimate coming in at $1.34 and the highest estimate coming in at $1.59. Evergy reported earnings per share of $1.32 in the same quarter last year, which suggests a positive year over year growth rate of 10.6%. The business is expected to issue its next earnings results on Wednesday, November 6th.

On average, analysts expect that Evergy will report full year earnings of $2.88 per share for the current fiscal year, with EPS estimates ranging from $2.83 to $2.93. For the next financial year, analysts anticipate that the business will post earnings of $3.16 per share, with EPS estimates ranging from $3.07 to $3.20. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Evergy.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share.

Several equities research analysts have recently issued reports on EVRG shares. Zacks Investment Research lowered shares of Evergy from a “hold” rating to a “sell” rating and set a $65.00 price objective for the company. in a research report on Thursday, July 18th. SunTrust Banks increased their price objective on shares of Evergy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday. Finally, UBS Group increased their price objective on shares of Evergy from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $62.17.

In related news, SVP Heather A. Humphrey sold 1,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $58.24, for a total transaction of $58,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Greg A. Greenwood sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $59.32, for a total transaction of $296,600.00. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock valued at $588,040 in the last three months.

Hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC bought a new position in shares of Evergy in the 1st quarter worth about $25,000. Rockefeller Capital Management L.P. lifted its position in shares of Evergy by 66.3% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 424 shares of the company’s stock worth $26,000 after buying an additional 169 shares during the last quarter. CWM LLC lifted its position in shares of Evergy by 325.0% in the 2nd quarter. CWM LLC now owns 425 shares of the company’s stock worth $26,000 after buying an additional 325 shares during the last quarter. Washington Trust Bank bought a new position in shares of Evergy in the 1st quarter worth about $26,000. Finally, Blue Sky Asset Management LLC bought a new position in shares of Evergy in the 1st quarter worth about $32,000.

NASDAQ:EVRG traded up $0.50 during trading hours on Friday, reaching $62.43. 1,469,000 shares of the company were exchanged, compared to its average volume of 1,669,370. Evergy has a 52-week low of $54.19 and a 52-week high of $62.85. The company’s 50 day moving average is $60.98.

About Evergy

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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