Zacks Research Has Bullish Estimate for Evergy Q2 Earnings

Evergy, Inc. (NASDAQ:EVRG - Free Report) - Equities research analysts at Zacks Research raised their Q2 2025 EPS estimates for shares of Evergy in a report released on Tuesday, April 29th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $0.95 for the quarter, up from their prior forecast of $0.94. The consensus estimate for Evergy's current full-year earnings is $3.83 per share.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%.

Several other analysts also recently commented on EVRG. Barclays raised their target price on shares of Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research report on Monday, March 17th. UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and increased their target price for the stock from $68.00 to $78.00 in a report on Monday, April 28th. Finally, Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Evergy has an average rating of "Buy" and an average target price of $70.92.

Evergy Stock Up 1.2 %

Shares of NASDAQ EVRG traded up $0.82 during mid-day trading on Thursday, reaching $69.25. 1,598,198 shares of the company's stock were exchanged, compared to its average volume of 1,948,421. Evergy has a twelve month low of $52.10 and a twelve month high of $70.30. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 2.82 and a beta of 0.53. The business has a fifty day simple moving average of $67.40 and a 200 day simple moving average of $64.54.

Institutional Trading of Evergy

A number of large investors have recently added to or reduced their stakes in the company. Bfsg LLC bought a new position in Evergy during the first quarter worth about $25,000. Lee Danner & Bass Inc. acquired a new position in shares of Evergy during the 4th quarter worth approximately $26,000. National Pension Service bought a new stake in Evergy in the 4th quarter valued at $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy during the 4th quarter valued at $31,000. Finally, Colonial Trust Co SC bought a new position in Evergy during the fourth quarter worth $32,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Monday, March 10th. Evergy's dividend payout ratio (DPR) is 70.45%.

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.