Wall Street brokerages forecast that Evergy (NYSE:EVRG) will announce $1.33 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Evergy’s earnings, with the lowest sales estimate coming in at $1.20 billion and the highest estimate coming in at $1.58 billion. Evergy posted sales of $1.20 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 10.8%. The business is scheduled to announce its next earnings report on Thursday, February 20th.
According to Zacks, analysts expect that Evergy will report full year sales of $5.35 billion for the current fiscal year, with estimates ranging from $5.23 billion to $5.60 billion. For the next financial year, analysts anticipate that the company will post sales of $5.45 billion, with estimates ranging from $5.17 billion to $5.80 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Evergy.
Evergy (NYSE:EVRG) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.02). The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Evergy had a net margin of 11.97% and a return on equity of 6.96%. During the same period last year, the company posted $1.38 EPS.
Shares of NYSE:EVRG traded down $0.46 during trading on Wednesday, reaching $63.07. 2,419,135 shares of the company traded hands, compared to its average volume of 1,740,845. The firm has a market capitalization of $14.37 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 3.41 and a beta of 0.12. Evergy has a 52-week low of $54.57 and a 52-week high of $67.81. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.02. The business’s fifty day moving average is $63.62 and its 200-day moving average is $62.71.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 dividend on an annualized basis and a yield of 3.20%. Evergy’s dividend payout ratio (DPR) is presently 75.66%.
In related news, CFO Anthony D. Somma sold 2,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.96, for a total value of $129,920.00. Following the completion of the sale, the chief financial officer now owns 50,636 shares of the company’s stock, valued at $3,289,314.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Heather A. Humphrey sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $66.20, for a total value of $66,200.00. Insiders sold 13,000 shares of company stock valued at $840,930 in the last ninety days. 0.38% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. lifted its stake in Evergy by 2.5% in the third quarter. D.A. Davidson & CO. now owns 6,439 shares of the company’s stock worth $429,000 after acquiring an additional 160 shares during the period. Mondrian Investment Partners LTD raised its holdings in Evergy by 25.0% in the third quarter. Mondrian Investment Partners LTD now owns 829 shares of the company’s stock worth $55,000 after purchasing an additional 166 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Evergy by 66.3% in the second quarter. Rockefeller Capital Management L.P. now owns 424 shares of the company’s stock worth $26,000 after purchasing an additional 169 shares in the last quarter. 6 Meridian raised its holdings in Evergy by 2.2% in the third quarter. 6 Meridian now owns 8,810 shares of the company’s stock worth $586,000 after purchasing an additional 187 shares in the last quarter. Finally, Prudential PLC raised its holdings in Evergy by 0.9% in the second quarter. Prudential PLC now owns 21,735 shares of the company’s stock worth $1,307,000 after purchasing an additional 189 shares in the last quarter. 86.21% of the stock is owned by institutional investors.
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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