Seaport Res Ptn Issues Negative Estimate for Evergy Earnings

Key Points

• Seaport Res Ptn has revised Evergy Inc.'s FY2025 earnings per share (EPS) estimate down to $4.00, slightly decreasing from the previous forecast of $4.02, while the consensus estimate stands at $3.83.
• Multiple analysts have given mixed ratings for Evergy, with UBS upgrading the stock to "buy" and increasing its target price to $78.00, while Wall Street Zen downgraded it from "hold" to "sell."
• Evergy has recently declared a quarterly dividend of $0.6675, which results in an annualized dividend yield of 3.83%.

Evergy Inc. (NASDAQ:EVRG - Free Report) - Seaport Res Ptn dropped their FY2025 EPS estimates for Evergy in a report released on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now anticipates that the company will post earnings per share of $4.00 for the year, down from their prior forecast of $4.02. The consensus estimate for Evergy's current full-year earnings is $3.83 per share. Seaport Res Ptn also issued estimates for Evergy's FY2026 earnings at $4.30 EPS, FY2027 earnings at $4.53 EPS and FY2028 earnings at $4.82 EPS.

EVRG has been the subject of a number of other research reports. Jefferies Financial Group set a $78.00 target price on shares of Evergy and gave the stock a "buy" rating in a report on Tuesday, June 10th. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $68.00 to $78.00 in a report on Monday, April 28th. Barclays reduced their price target on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.06.

Evergy Trading Up 1.1%

EVRG traded up $0.75 during trading on Wednesday, reaching $71.55. 2,409,348 shares of the company's stock were exchanged, compared to its average volume of 2,152,176. The company's fifty day moving average price is $68.13 and its 200-day moving average price is $67.14. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.29 and a current ratio of 0.55. Evergy has a fifty-two week low of $57.28 and a fifty-two week high of $71.63. The firm has a market capitalization of $16.46 billion, a PE ratio of 18.83, a P/E/G ratio of 3.13 and a beta of 0.48.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). Evergy had a return on equity of 8.84% and a net margin of 14.87%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the firm posted $0.54 EPS.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, May 23rd. Evergy's payout ratio is currently 70.26%.

Institutional Investors Weigh In On Evergy

Several institutional investors have recently added to or reduced their stakes in EVRG. Bfsg LLC bought a new stake in Evergy during the 1st quarter worth about $25,000. Colonial Trust Co SC bought a new stake in Evergy during the 4th quarter worth about $32,000. Alpine Bank Wealth Management bought a new stake in Evergy during the 1st quarter worth about $32,000. Olde Wealth Management LLC acquired a new position in shares of Evergy during the 1st quarter worth about $32,000. Finally, LRI Investments LLC acquired a new position in shares of Evergy during the 1st quarter worth about $32,000. 87.24% of the stock is owned by institutional investors.

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.