Evergy (EVRG) Scheduled to Post Quarterly Earnings on Thursday

Evergy (NYSE:EVRG) will issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $1.95 per share for the quarter. Evergy has set its FY 2024 guidance at 3.730-3.930 EPS and its FY24 guidance at $3.73-3.93 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Evergy (NYSE:EVRG) last released its earnings results on Friday, August 9th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. During the same quarter in the prior year, the firm earned $0.81 earnings per share. On average, analysts expect Evergy to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Evergy Stock Up 0.3 %

EVRG opened at $60.06 on Thursday. The stock has a market cap of $13.81 billion, a PE ratio of 19.44, a P/E/G ratio of 2.74 and a beta of 0.62. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23. Evergy has a 52 week low of $47.97 and a 52 week high of $62.58. The business’s fifty day simple moving average is $60.49 and its 200 day simple moving average is $56.66.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.6425 per share. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 annualized dividend and a yield of 4.28%. Evergy’s payout ratio is 83.17%.

Insider Transactions at Evergy

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the sale, the senior vice president now directly owns 33,425 shares in the company, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of the sale, the senior vice president now directly owns 35,314 shares in the company, valued at $2,076,463.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total transaction of $550,742.68. Following the completion of the sale, the senior vice president now owns 33,425 shares of the company’s stock, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,884 shares of company stock worth $941,810. Company insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on EVRG shares. UBS Group upgraded shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Barclays cut their price target on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Jefferies Financial Group started coverage on shares of Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target for the company. Wells Fargo & Company upped their price target on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Mizuho started coverage on shares of Evergy in a research report on Tuesday. They set an “outperform” rating and a $67.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Evergy currently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Evergy Company Profile

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.