$0.37 Earnings Per Share Expected for Enviva Partners, LP (EVA) This Quarter
Wall Street brokerages expect Enviva Partners, LP (NYSE:EVA) to announce $0.37 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Enviva Partners,’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.41. Enviva Partners, posted earnings of $0.47 per share during the same quarter last year, which indicates a negative year over year growth rate of 21.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, August 3rd.
On average, analysts expect that Enviva Partners, will report full-year earnings of $1.30 per share for the current fiscal year, with EPS estimates ranging from $1.12 to $1.47. For the next year, analysts anticipate that the firm will post earnings of $1.79 per share, with EPS estimates ranging from $1.63 to $1.94. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Enviva Partners,.
Enviva Partners, (NYSE:EVA) last posted its quarterly earnings results on Wednesday, May 10th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by $0.29. Enviva Partners, had a return on equity of 10.85% and a net margin of 4.13%. The firm had revenue of $122.10 million for the quarter, compared to the consensus estimate of $139.30 million. During the same period in the previous year, the company posted $0.29 EPS. Enviva Partners,’s quarterly revenue was up 13.8% compared to the same quarter last year.
EVA has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price objective on Enviva Partners, from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, March 8th. Zacks Investment Research raised Enviva Partners, from a “sell” rating to a “hold” rating in a research note on Tuesday, February 21st. Finally, TheStreet raised Enviva Partners, from a “c” rating to a “b-” rating in a research note on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $28.00.
Enviva Partners, (NYSE:EVA) traded up 1.99% during trading on Thursday, hitting $28.20. The stock had a trading volume of 64,558 shares. Enviva Partners, has a one year low of $19.31 and a one year high of $30.60. The firm has a 50 day moving average of $27.88 and a 200-day moving average of $27.81. The company has a market cap of $742.11 million, a P/E ratio of 31.97 and a beta of 1.17.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 30th. Investors of record on Thursday, May 18th were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 7.87%. This is a boost from Enviva Partners,’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, May 16th. Enviva Partners,’s payout ratio is presently 312.68%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVA. Cypress Capital Management LLC WY boosted its position in Enviva Partners, by 13.1% in the first quarter. Cypress Capital Management LLC WY now owns 5,195 shares of the energy company’s stock valued at $146,000 after buying an additional 600 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Enviva Partners, by 233.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,968 shares of the energy company’s stock valued at $186,000 after buying an additional 4,880 shares in the last quarter. Roosevelt Investment Group Inc. acquired a new position in Enviva Partners, during the first quarter valued at about $209,000. UBS Group AG boosted its position in Enviva Partners, by 3.2% in the first quarter. UBS Group AG now owns 9,784 shares of the energy company’s stock valued at $275,000 after buying an additional 302 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in Enviva Partners, during the fourth quarter valued at about $286,000.
About Enviva Partners,
Enviva Partners, LP is a supplier of utility-grade wood pellets to power generators. The Company procures wood fiber and processes it into utility-grade wood pellets and loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and loaded onto oceangoing vessels for transport to the Company’s principally Northern European customers.
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