Enviva (EVA) Set to Announce Earnings on Wednesday

Enviva (NYSE:EVAGet Rating) is set to release its earnings data after the market closes on Wednesday, May 4th. Analysts expect Enviva to post earnings of $0.11 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Shares of EVA stock opened at $84.05 on Wednesday. The stock has a 50 day moving average price of $78.05 and a 200 day moving average price of $72.46. Enviva has a 52-week low of $47.67 and a 52-week high of $91.06. The company has a debt-to-equity ratio of 4.55, a quick ratio of 0.55 and a current ratio of 0.77. The firm has a market capitalization of $5.59 billion, a P/E ratio of -115.14 and a beta of 1.07.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 25th. Shareholders of record on Monday, February 14th were paid a $0.86 dividend. This is a positive change from Enviva’s previous quarterly dividend of $0.84. The ex-dividend date was Friday, February 11th. This represents a $3.44 dividend on an annualized basis and a yield of 4.09%. Enviva’s dividend payout ratio (DPR) is presently -471.23%.

In other Enviva news, Director Ralph Alexander acquired 1,614 shares of the stock in a transaction dated Thursday, March 3rd. The stock was purchased at an average price of $77.28 per share, with a total value of $124,729.92. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey W. Ubben sold 501,691 shares of the business’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $75.38, for a total transaction of $37,817,467.58. The disclosure for this sale can be found here. 13.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its holdings in shares of Enviva by 17.5% in the 3rd quarter. LPL Financial LLC now owns 6,043 shares of the energy company’s stock valued at $327,000 after buying an additional 899 shares during the period. Advisors Asset Management Inc. lifted its holdings in Enviva by 4.7% in the fourth quarter. Advisors Asset Management Inc. now owns 25,955 shares of the energy company’s stock valued at $1,828,000 after acquiring an additional 1,170 shares during the period. Wells Fargo & Company MN lifted its holdings in Enviva by 15.6% in the second quarter. Wells Fargo & Company MN now owns 20,280 shares of the energy company’s stock valued at $1,063,000 after acquiring an additional 2,732 shares during the period. CWA Asset Management Group LLC purchased a new stake in Enviva in the 4th quarter worth approximately $239,000. Finally, Morgan Stanley grew its stake in shares of Enviva by 47.2% during the 2nd quarter. Morgan Stanley now owns 333,950 shares of the energy company’s stock worth $17,502,000 after purchasing an additional 107,015 shares during the period.

Several research firms recently commented on EVA. Zacks Investment Research raised shares of Enviva from a “sell” rating to a “hold” rating in a research note on Tuesday, March 8th. Truist Financial began coverage on Enviva in a research note on Tuesday, March 29th. They issued a “buy” rating and a $100.00 price objective on the stock. Royal Bank of Canada lifted their target price on Enviva from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, March 7th. StockNews.com initiated coverage on Enviva in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Finally, Raymond James lowered shares of Enviva from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $75.00.

About Enviva (Get Rating)

Enviva Inc produces and sells utility-grade wood pellets. The company's products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, Europe, and Japan. The company was formerly known as Enviva Partners, LP. Enviva Inc was incorporated in 2013 and is headquartered in Bethesda, Maryland.

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Earnings History for Enviva (NYSE:EVA)

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