Zacks Research Has Negative Forecast for Evergy Q4 Earnings

Evergy, Inc. (NYSE:EVRG) – Zacks Research dropped their Q4 2024 earnings per share estimates for Evergy in a note issued to investors on Thursday, November 28th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.40 for the quarter, down from their prior estimate of $0.41. The consensus estimate for Evergy’s current full-year earnings is $3.84 per share. Zacks Research also issued estimates for Evergy’s Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.44 EPS, Q1 2026 earnings at $0.70 EPS, Q2 2026 earnings at $0.99 EPS, Q3 2026 earnings at $2.05 EPS and FY2026 earnings at $4.25 EPS.

Several other equities research analysts have also recently commented on EVRG. Mizuho started coverage on shares of Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. Jefferies Financial Group began coverage on Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 target price on the stock. Barclays decreased their price target on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Wells Fargo & Company upped their price objective on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, UBS Group raised shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.88.

Evergy Stock Down 1.6 %

NYSE:EVRG opened at $63.61 on Monday. The stock has a 50-day simple moving average of $61.82 and a 200 day simple moving average of $58.23. Evergy has a 52-week low of $48.04 and a 52-week high of $65.47. The company has a market cap of $14.63 billion, a PE ratio of 17.47, a PEG ratio of 2.88 and a beta of 0.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

Evergy (NYSE:EVRG) last posted its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 earnings per share.

Hedge Funds Weigh In On Evergy

A number of large investors have recently modified their holdings of the company. Fairscale Capital LLC purchased a new stake in shares of Evergy in the second quarter worth approximately $27,000. Truvestments Capital LLC purchased a new stake in Evergy in the 3rd quarter valued at $32,000. Hexagon Capital Partners LLC lifted its stake in Evergy by 47.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after acquiring an additional 170 shares in the last quarter. Rothschild Investment LLC bought a new position in Evergy during the 2nd quarter valued at $37,000. Finally, Hantz Financial Services Inc. purchased a new position in Evergy during the 2nd quarter worth $41,000. 87.24% of the stock is currently owned by institutional investors.

Insider Activity at Evergy

In related news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the transaction, the executive vice president now owns 1 shares in the company, valued at $62.93. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by company insiders.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Thursday, November 21st. This is an increase from Evergy’s previous quarterly dividend of $0.64. Evergy’s dividend payout ratio (DPR) is currently 72.16%.

About Evergy

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.