Evergy (NASDAQ:EVRG) Updates FY 2025 Earnings Guidance

Evergy (NASDAQ:EVRG - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 3.920-4.120 for the period, compared to the consensus earnings per share estimate of 4.040. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

EVRG has been the topic of a number of recent analyst reports. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research report on Thursday. Barclays lifted their price target on shares of Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. Finally, UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and upped their price target for the stock from $68.00 to $78.00 in a report on Monday, April 28th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Evergy presently has a consensus rating of "Buy" and an average target price of $70.92.

Evergy Price Performance

Shares of EVRG stock traded up $0.04 during trading hours on Friday, hitting $66.60. The company's stock had a trading volume of 2,910,157 shares, compared to its average volume of 1,947,462. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy has a twelve month low of $52.10 and a twelve month high of $70.36. The stock has a market cap of $15.32 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 2.82 and a beta of 0.53. The business has a fifty day moving average of $67.35 and a 200-day moving average of $64.81.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the previous year, the business posted $0.54 EPS. As a group, equities research analysts anticipate that Evergy will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be issued a $0.6675 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a yield of 4.01%. Evergy's dividend payout ratio (DPR) is 70.45%.

Institutional Investors Weigh In On Evergy

An institutional investor recently bought a new position in Evergy stock. Brighton Jones LLC bought a new position in Evergy, Inc. (NASDAQ:EVRG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,170 shares of the company's stock, valued at approximately $257,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

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.