Evergy (NASDAQ:EVRG) Updates FY 2025 Earnings Guidance

Key Points

• Evergy has updated its FY 2025 earnings guidance, projecting an EPS in the range of 3.920 to 4.120, below the consensus estimate of 4.041.
• The company also announced a quarterly dividend of $0.6675 per share, reflecting a 3.7% yield based on an annualized dividend of $2.67.
• Currently, Evergy holds a "Moderate Buy" average rating from analysts, with a consensus target price of $74.06.

Evergy (NASDAQ:EVRG - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 3.920-4.120 for the period, compared to the consensus EPS estimate of 4.041. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EVRG. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $68.00 to $78.00 in a report on Monday, April 28th. Mizuho upped their price objective on shares of Evergy from $70.00 to $74.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Barclays lowered their target price on Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. Finally, BMO Capital Markets began coverage on shares of Evergy in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Evergy has an average rating of "Moderate Buy" and a consensus target price of $74.06.

Evergy Price Performance

Shares of NASDAQ:EVRG traded down $0.38 during trading on Thursday, hitting $72.87. 3,368,161 shares of the company were exchanged, compared to its average volume of 2,369,047. Evergy has a 1-year low of $57.28 and a 1-year high of $73.97. The business's 50 day moving average is $68.56 and its 200-day moving average is $67.33. The company has a quick ratio of 0.29, a current ratio of 0.55 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $16.77 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 3.19 and a beta of 0.48.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.04. Evergy had a net margin of 14.87% and a return on equity of 8.84%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business earned $0.90 earnings per share. Evergy's revenue was down .7% compared to the same quarter last year. Equities analysts forecast that Evergy will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 3.7%. Evergy's payout ratio is currently 70.26%.

Hedge Funds Weigh In On Evergy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVRG. United Services Automobile Association purchased a new position in shares of Evergy in the first quarter valued at approximately $223,000. Brighton Jones LLC purchased a new stake in Evergy in the 4th quarter valued at about $257,000. Empowered Funds LLC increased its holdings in Evergy by 19.5% in the 1st quarter. Empowered Funds LLC now owns 4,648 shares of the company's stock valued at $320,000 after purchasing an additional 758 shares during the last quarter. Focus Partners Wealth lifted its stake in Evergy by 7.3% during the 1st quarter. Focus Partners Wealth now owns 13,791 shares of the company's stock worth $951,000 after acquiring an additional 939 shares in the last quarter. Finally, Woodline Partners LP boosted its stake in shares of Evergy by 40.7% in the first quarter. Woodline Partners LP now owns 19,429 shares of the company's stock valued at $1,340,000 after purchasing an additional 5,618 shares during the period. Hedge funds and other institutional investors own 87.24% of the company's stock.

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.

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