Zacks Research Estimates Evergy’s Q3 Earnings (NASDAQ:EVRG)

Evergy Inc. (NASDAQ:EVRG) – Zacks Research lifted their Q3 2027 earnings estimates for Evergy in a research note issued to investors on Wednesday, October 29th. Zacks Research analyst Team now anticipates that the company will post earnings of $2.35 per share for the quarter, up from their prior estimate of $2.34. The consensus estimate for Evergy’s current full-year earnings is $3.83 per share. Zacks Research also issued estimates for Evergy’s FY2027 earnings at $4.54 EPS.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business earned $0.90 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS.

A number of other equities analysts have also recently weighed in on EVRG. Barclays reissued an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research note on Wednesday, October 8th. Jefferies Financial Group raised their price target on shares of Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Mizuho boosted their price objective on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company raised shares of Evergy to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Evergy presently has a consensus rating of “Buy” and a consensus target price of $79.61.

Evergy Price Performance

EVRG stock opened at $77.75 on Thursday. The stock’s 50 day moving average price is $74.60 and its 200 day moving average price is $70.68. The firm has a market cap of $17.89 billion, a P/E ratio of 21.36, a PEG ratio of 3.56 and a beta of 0.57. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. Evergy has a 1 year low of $59.23 and a 1 year high of $79.32.

Institutional Trading of Evergy

A number of institutional investors and hedge funds have recently made changes to their positions in EVRG. Nuveen LLC acquired a new position in Evergy in the first quarter valued at $212,132,000. Magellan Asset Management Ltd raised its holdings in shares of Evergy by 1,418.7% in the 2nd quarter. Magellan Asset Management Ltd now owns 2,364,493 shares of the company’s stock worth $162,985,000 after purchasing an additional 2,208,799 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Evergy by 346.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,046,787 shares of the company’s stock valued at $155,597,000 after purchasing an additional 1,588,100 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Evergy by 969.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,329,424 shares of the company’s stock valued at $101,063,000 after purchasing an additional 1,205,101 shares in the last quarter. Finally, Maple Brown Abbott Ltd purchased a new stake in shares of Evergy during the 1st quarter worth about $63,444,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $72.33, for a total transaction of $578,640.00. Following the transaction, the senior vice president owned 499 shares of the company’s stock, valued at $36,092.67. This trade represents a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $2.67 annualized dividend and a yield of 3.4%. Evergy’s dividend payout ratio is 73.35%.

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.