Zacks: Analysts Expect Enviva Inc. (NYSE:EVA) to Post $0.01 EPS

Equities research analysts expect Enviva Inc. (NYSE:EVAGet Rating) to post earnings of $0.01 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Enviva’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at ($0.08). Enviva reported earnings of ($0.05) per share in the same quarter last year, which indicates a positive year over year growth rate of 120%. The firm is expected to announce its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Enviva will report full-year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $0.95 to $1.25. For the next year, analysts forecast that the business will post earnings of $1.59 per share, with EPS estimates ranging from $1.19 to $2.02. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Enviva.

Several equities research analysts recently commented on the company. Raymond James cut Enviva from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 5th. Royal Bank of Canada boosted their target price on Enviva from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, March 7th. Citigroup started coverage on shares of Enviva in a research report on Friday, February 4th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of Enviva from $76.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 19th. Finally, StockNews.com started coverage on shares of Enviva in a research report on Thursday, March 31st. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Enviva currently has a consensus rating of “Hold” and a consensus target price of $75.00.

In related news, Director Ralph Alexander purchased 1,614 shares of the stock in a transaction dated Thursday, March 3rd. The shares were acquired at an average cost of $77.28 per share, for a total transaction of $124,729.92. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey W. Ubben sold 501,691 shares of the company’s stock in a transaction 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. Insiders own 13.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vancity Investment Management Ltd raised its stake in shares of Enviva by 1,681.7% during the 1st quarter. Vancity Investment Management Ltd now owns 127,943 shares of the energy company’s stock worth $10,127,000 after purchasing an additional 120,762 shares in the last quarter. Navellier & Associates Inc. purchased a new stake in shares of Enviva during the 1st quarter worth about $206,000. Naples Global Advisors LLC purchased a new stake in shares of Enviva during the 1st quarter worth about $3,226,000. Avantax Advisory Services Inc. raised its stake in shares of Enviva by 10.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,588 shares of the energy company’s stock worth $1,075,000 after purchasing an additional 1,331 shares in the last quarter. Finally, Segantii Capital Management Ltd purchased a new stake in shares of Enviva during the 1st quarter worth about $418,000.

Shares of NYSE:EVA opened at $84.34 on Monday. Enviva has a 12 month low of $47.67 and a 12 month high of $91.06. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of -115.53 and a beta of 1.07. The stock’s 50 day moving average price is $78.93 and its 200 day moving average price is $73.18. The company has a debt-to-equity ratio of 4.55, a current ratio of 0.77 and a quick ratio of 0.55.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 25th. Shareholders of record on Monday, February 14th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 4.08%. This is a boost from Enviva’s previous quarterly dividend of $0.84. The ex-dividend date was Friday, February 11th. Enviva’s payout ratio is presently -471.23%.

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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