FY2025 EPS Estimates for Evergy Decreased by Seaport Res Ptn

Evergy Inc. (NASDAQ:EVRG) – Seaport Res Ptn dropped their FY2025 earnings per share estimates for shares of Evergy in a note issued to investors on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now forecasts that the company will earn $4.00 per share for the year, down from their previous estimate of $4.02. The consensus estimate for Evergy’s current full-year earnings is $3.83 per share. Seaport Res Ptn also issued estimates for Evergy’s FY2026 earnings at $4.30 EPS, FY2027 earnings at $4.53 EPS and FY2028 earnings at $4.82 EPS.

Several other equities analysts also recently commented on EVRG. Wall Street Zen downgraded Evergy from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Barclays cut their price objective on Evergy from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Friday, May 30th. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a research report on Thursday, May 8th. Jefferies Financial Group set a $78.00 price objective on Evergy and gave the company a “buy” rating in a research report on Tuesday, June 10th. Finally, Mizuho upped their price objective on Evergy from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.06.

Evergy Stock Performance

Shares of Evergy stock opened at $70.16 on Wednesday. The stock’s fifty day moving average is $67.92 and its two-hundred day moving average is $66.97. The company has a market capitalization of $16.14 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 3.05 and a beta of 0.50. The company has a quick ratio of 0.29, a current ratio of 0.55 and a debt-to-equity ratio of 1.24. Evergy has a 52 week low of $57.25 and a 52 week high of $70.75.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a net margin of 14.87% and a return on equity of 8.84%. During the same period last year, the company earned $0.54 EPS.

Hedge Funds Weigh In On Evergy

A number of hedge funds and other institutional investors have recently made changes to their positions in EVRG. Bfsg LLC bought a new position in shares of Evergy during the 1st quarter worth $25,000. Colonial Trust Co SC bought a new stake in Evergy during the fourth quarter valued at about $32,000. Alpine Bank Wealth Management bought a new stake in Evergy during the first quarter valued at about $32,000. Olde Wealth Management LLC bought a new stake in Evergy during the first quarter valued at about $32,000. Finally, LRI Investments LLC bought a new stake in Evergy during the first quarter valued at about $32,000. Institutional investors own 87.24% of the company’s stock.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, May 23rd. Evergy’s payout ratio is 70.26%.

Evergy Company Profile

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.