$0.31 Earnings Per Share Expected for Evergy (NYSE:EVRG) This Quarter

Analysts expect Evergy (NYSE:EVRG) to announce earnings per share of $0.31 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Evergy’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.28. Evergy posted earnings per share of $0.08 in the same quarter last year, which would suggest a positive year-over-year growth rate of 287.5%. The business is expected to issue its next quarterly earnings report on Thursday, February 20th.

On average, analysts expect that Evergy will report full-year earnings of $2.88 per share for the current year, with EPS estimates ranging from $2.84 to $2.95. For the next year, analysts forecast that the business will post earnings of $3.14 per share, with EPS estimates ranging from $3.03 to $3.20. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Evergy.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.57 EPS for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.02). Evergy had a return on equity of 6.44% and a net margin of 11.74%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the business earned $1.38 EPS.

A number of equities analysts have commented on EVRG shares. Guggenheim raised their price objective on Evergy from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Bank of America lowered Evergy from a “buy” rating to a “neutral” rating and set a $67.00 price objective on the stock. in a research note on Thursday, October 10th. Zacks Investment Research upgraded Evergy from a “sell” rating to a “hold” rating and set a $68.00 price objective on the stock in a research note on Wednesday, August 14th. Wells Fargo & Co set a $69.00 price objective on Evergy and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. Finally, ValuEngine lowered Evergy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Evergy currently has a consensus rating of “Hold” and an average price target of $66.29.

Evergy stock traded down $0.44 during mid-day trading on Friday, reaching $62.62. 1,275,372 shares of the company were exchanged, compared to its average volume of 1,728,429. The company has a fifty day simple moving average of $64.40 and a 200-day simple moving average of $61.93. Evergy has a 12 month low of $54.57 and a 12 month high of $67.81. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.44 and a quick ratio of 0.30. The firm has a market cap of $14.80 billion, a PE ratio of 23.45, a PEG ratio of 3.30 and a beta of 0.13.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 27th will be paid a $0.505 dividend. This is a positive change from Evergy’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, November 26th. This represents a $2.02 annualized dividend and a dividend yield of 3.23%. Evergy’s dividend payout ratio (DPR) is presently 71.16%.

In other news, COO Kevin E. Bryant sold 4,000 shares of Evergy stock in a transaction on Monday, August 19th. The stock was sold at an average price of $65.18, for a total value of $260,720.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Heather A. Humphrey sold 1,000 shares of Evergy stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $66.20, for a total value of $66,200.00. Company insiders own 0.38% of the company’s stock.

A number of hedge funds have recently modified their holdings of EVRG. Rockland Trust Co. grew its position in Evergy by 3.8% during the 2nd quarter. Rockland Trust Co. now owns 170,795 shares of the company’s stock worth $10,273,000 after acquiring an additional 6,209 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Evergy by 3.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 16,914 shares of the company’s stock worth $1,017,000 after acquiring an additional 640 shares during the last quarter. CENTRAL TRUST Co grew its position in Evergy by 11.8% during the 2nd quarter. CENTRAL TRUST Co now owns 7,096 shares of the company’s stock worth $437,000 after acquiring an additional 750 shares during the last quarter. 6 Meridian grew its position in Evergy by 2.2% during the 2nd quarter. 6 Meridian now owns 8,623 shares of the company’s stock worth $519,000 after acquiring an additional 189 shares during the last quarter. Finally, AdvisorNet Financial Inc bought a new stake in Evergy during the 2nd quarter worth $148,000. Institutional investors and hedge funds own 84.65% of the company’s stock.

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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Earnings History and Estimates for Evergy (NYSE:EVRG)

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