Evergy (EVRG) Set to Announce Earnings on Thursday

Evergy (NYSE:EVRG) is scheduled to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.91 per share for the quarter. Evergy has set its FY24 guidance at $3.73 to $3.93 EPS and its FY 2024 guidance at 3.730-3.930 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Evergy (NYSE:EVRG) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Evergy had a return on equity of 8.47% and a net margin of 13.28%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company posted $0.30 EPS. On average, analysts expect Evergy to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Evergy Stock Down 0.3 %

Shares of EVRG opened at $53.96 on Tuesday. The firm has a 50 day simple moving average of $51.77 and a two-hundred day simple moving average of $51.18. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29. Evergy has a one year low of $46.92 and a one year high of $63.39. The company has a market cap of $12.40 billion, a P/E ratio of 16.97, a P/E/G ratio of 2.82 and a beta of 0.57.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a dividend of $0.6425 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.76%. Evergy’s dividend payout ratio (DPR) is currently 80.82%.

Analyst Ratings Changes

A number of research analysts have issued reports on EVRG shares. LADENBURG THALM/SH SH began coverage on Evergy in a research report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 target price on the stock. Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and raised their target price for the company from $51.00 to $57.00 in a research report on Wednesday, March 13th. Guggenheim cut Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a research note on Monday, January 22nd. Wells Fargo & Company reduced their price objective on Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Finally, Citigroup began coverage on Evergy in a research report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.00.

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.