Brokerages Expect Enviva Inc. (NYSE:EVA) to Announce $0.05 EPS

Brokerages forecast that Enviva Inc. (NYSE:EVAGet Rating) will announce earnings per share (EPS) of $0.05 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Enviva’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.09. Enviva posted earnings of ($0.05) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 200%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Enviva will report full year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.69 to $0.88. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.46 per share, with EPS estimates ranging from $1.35 to $1.57. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Enviva.

EVA has been the topic of a number of research analyst reports. Raymond James cut shares of Enviva from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 5th. Zacks Investment Research cut shares of Enviva from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Royal Bank of Canada lifted their price target on shares of Enviva from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, March 7th. JPMorgan Chase & Co. lifted their price target on shares of Enviva from $76.00 to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, April 19th. Finally, Truist Financial started coverage on shares of Enviva in a research note on Tuesday, March 29th. They issued a “buy” rating and a $100.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $80.25.

Enviva stock traded up $1.63 during trading on Friday, reaching $74.36. The company had a trading volume of 373,320 shares, compared to its average volume of 421,594. The firm’s 50-day simple moving average is $79.60 and its 200 day simple moving average is $74.02. Enviva has a 1-year low of $47.67 and a 1-year high of $91.06. The firm has a market capitalization of $4.95 billion, a PE ratio of 125.40 and a beta of 0.96. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.55 and a current ratio of 0.79.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Monday, May 16th will be paid a dividend of $0.905 per share. This represents a $3.62 annualized dividend and a yield of 4.87%. The ex-dividend date is Friday, May 13th. This is a boost from Enviva’s previous quarterly dividend of $0.86.

In other news, Director Ralph Alexander purchased 1,614 shares of the stock in a transaction dated Thursday, March 3rd. The shares were purchased at an average price of $77.28 per share, with a total value of $124,729.92. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Yana Kravtsova sold 476 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $76.08, for a total transaction of $36,214.08. Following the transaction, the executive vice president now directly owns 92,249 shares in the company, valued at approximately $7,018,303.92. The disclosure for this sale can be found here. Insiders own 13.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Riverstone Holdings LLC increased its stake in Enviva by 104.6% during the fourth quarter. Riverstone Holdings LLC now owns 27,797,923 shares of the energy company’s stock worth $1,957,530,000 after purchasing an additional 14,211,548 shares during the period. Vanguard Group Inc. purchased a new stake in Enviva during the first quarter worth about $194,589,000. GW&K Investment Management LLC purchased a new stake in Enviva during the first quarter worth about $43,814,000. Blackstone Inc. purchased a new stake in Enviva during the first quarter worth about $37,222,000. Finally, BlackRock Inc. purchased a new stake in Enviva during the first quarter worth about $29,740,000.

Enviva Company Profile (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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