Equities research analysts expect Evergy (NASDAQ:EVRG) to announce $0.63 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Evergy’s earnings, with estimates ranging from $0.52 to $0.70. Evergy posted earnings per share of $0.56 in the same quarter last year, which suggests a positive year-over-year growth rate of 12.5%. The company is expected to report its next quarterly earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Evergy will report full year earnings of $2.91 per share for the current financial year, with EPS estimates ranging from $2.86 to $2.97. For the next financial year, analysts forecast that the business will report earnings of $3.19 per share, with EPS estimates ranging from $3.12 to $3.21. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Evergy.
Evergy (NASDAQ:EVRG) last announced its earnings results on Wednesday, May 8th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the business posted $0.34 earnings per share.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded Evergy from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $60.14.
Shares of EVRG stock traded up $0.27 during midday trading on Friday, hitting $58.29. The company had a trading volume of 3,920 shares, compared to its average volume of 1,794,749. Evergy has a 52-week low of $50.89 and a 52-week high of $61.10.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.26%.
In related news, EVP Greg A. Greenwood sold 8,000 shares of Evergy stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $57.28, for a total value of $458,240.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard L. Hawley purchased 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was acquired at an average price of $55.63 per share, for a total transaction of $27,815.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 15,632 shares of company stock worth $896,584.
Institutional investors have recently bought and sold shares of the stock. Truvestments Capital LLC acquired a new position in Evergy during the first quarter worth $25,000. Washington Trust Bank acquired a new position in Evergy during the first quarter worth $26,000. Altshuler Shaham Ltd acquired a new position in Evergy during the fourth quarter worth $26,000. Larson Financial Group LLC raised its holdings in Evergy by 4,500.0% during the first quarter. Larson Financial Group LLC now owns 460 shares of the company’s stock worth $27,000 after purchasing an additional 450 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. acquired a new position in Evergy during the fourth quarter worth $28,000.
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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