Evergy (NYSE:EVRG) Expected to Post Earnings of $1.57 Per Share

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Wall Street brokerages expect Evergy (NYSE:EVRG) to report earnings per share (EPS) of $1.57 for the current quarter, according to Zacks. Four analysts have issued estimates for Evergy’s earnings, with estimates ranging from $1.47 to $1.63. Evergy reported earnings per share of $1.32 during the same quarter last year, which suggests a positive year-over-year growth rate of 18.9%. The company is expected to announce its next earnings report 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 $2.84 to $2.95. For the next financial year, analysts expect that the company will post earnings of $3.16 per share, with EPS estimates ranging from $3.03 to $3.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Evergy.

Evergy (NYSE:EVRG) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.02). The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Evergy had a return on equity of 6.44% and a net margin of 11.74%. During the same quarter in the prior year, the firm posted $0.67 EPS.

A number of analysts recently issued reports on EVRG shares. Guggenheim increased their target price on shares of Evergy from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Zacks Investment Research raised shares of Evergy from a “sell” rating to a “hold” rating and set a $68.00 price objective for the company in a research report on Wednesday, August 14th. SunTrust Banks increased their price objective on shares of Evergy from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Co set a $69.00 price objective on shares of Evergy and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Finally, UBS Group lowered their price objective on shares of Evergy from $68.00 to $67.00 and set a “neutral” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Evergy has an average rating of “Hold” and an average price target of $66.29.

Shares of Evergy stock traded up $0.54 on Thursday, hitting $63.95. The company’s stock had a trading volume of 1,540,512 shares, compared to its average volume of 1,727,528. The company has a market capitalization of $14.99 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 3.34 and a beta of 0.16. The company has a quick ratio of 0.30, a current ratio of 0.44 and a debt-to-equity ratio of 0.81. The firm has a fifty day moving average price of $64.94 and a 200-day moving average price of $61.31. Evergy has a 52-week low of $54.57 and a 52-week high of $67.81.

In other Evergy news, SVP Heather A. Humphrey sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $66.20, for a total transaction of $66,200.00. Also, EVP Greg A. Greenwood sold 6,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $63.23, for a total value of $379,380.00. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock valued at $706,300 in the last quarter. 0.38% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Crawford Investment Counsel Inc. grew its stake in shares of Evergy by 1.2% in the second quarter. Crawford Investment Counsel Inc. now owns 745,260 shares of the company’s stock worth $44,827,000 after acquiring an additional 8,634 shares during the last quarter. Barings LLC acquired a new stake in shares of Evergy in the second quarter worth $503,000. Wells Fargo & Company MN grew its stake in shares of Evergy by 1.2% in the second quarter. Wells Fargo & Company MN now owns 825,125 shares of the company’s stock worth $49,631,000 after acquiring an additional 9,892 shares during the last quarter. Carillon Tower Advisers Inc. lifted its position in Evergy by 4.7% in the second quarter. Carillon Tower Advisers Inc. now owns 292,443 shares of the company’s stock worth $17,590,000 after purchasing an additional 13,115 shares during the period. Finally, 6 Meridian lifted its position in Evergy by 2.2% in the second quarter. 6 Meridian now owns 8,623 shares of the company’s stock worth $519,000 after purchasing an additional 189 shares during the period. Institutional investors own 84.48% of the company’s stock.

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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