Evergy (EVRG) Set to Announce Earnings on Thursday

Evergy (NYSE:EVRG) will issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.91 per share for the quarter. Evergy has set its FY24 guidance at $3.73 to $3.93 EPS and its FY 2024 guidance at 3.730-3.930 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Evergy (NYSE:EVRG) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.46 billion. Evergy had a net margin of 13.28% and a return on equity of 8.47%. During the same period in the previous year, the company earned $0.30 EPS. On average, analysts expect Evergy to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Evergy Price Performance

Shares of EVRG stock opened at $53.96 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.29 and a current ratio of 0.51. The firm has a market cap of $12.40 billion, a P/E ratio of 16.97, a P/E/G ratio of 2.82 and a beta of 0.57. The business’s 50 day moving average price is $51.77 and its 200-day moving average price is $51.18. Evergy has a fifty-two week low of $46.92 and a fifty-two week high of $63.39.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a $0.6425 dividend. This represents a $2.57 annualized dividend and a yield of 4.76%. The ex-dividend date was Friday, March 8th. Evergy’s dividend payout ratio (DPR) is currently 80.82%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EVRG. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $51.00 to $57.00 in a research report on Wednesday, March 13th. Barclays lifted their price objective on Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Citigroup initiated coverage on Evergy in a research report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price for the company. Wells Fargo & Company dropped their price target on Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Finally, LADENBURG THALM/SH SH assumed coverage on Evergy in a report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $56.00.

About Evergy

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.