What is Zacks Research’s Forecast for Evergy Q1 Earnings?

Evergy Inc. (NASDAQ:EVRG) – Research analysts at Zacks Research lifted their Q1 2027 earnings estimates for shares of Evergy in a research report issued on Friday, September 18th. Zacks Research analyst Team now anticipates that the company will earn $0.71 per share for the quarter, up from their previous estimate of $0.69. The consensus estimate for Evergy’s current full-year earnings is $4.25 per share. Zacks Research also issued estimates for Evergy’s Q3 2027 earnings at $2.26 EPS, Q4 2027 earnings at $0.66 EPS, FY2027 earnings at $4.59 EPS, Q1 2028 earnings at $0.75 EPS, Q2 2028 earnings at $0.99 EPS and FY2028 earnings at $4.92 EPS.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. Evergy had a net margin of 15.19% and a return on equity of 9.20%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the business posted $0.82 earnings per share.

Several other research firms have also recently weighed in on EVRG. Barclays increased their price target on Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. BMO Capital Markets upped their price objective on Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. BTIG Research set a $97.00 target price on Evergy in a report on Thursday, July 23rd. Citigroup increased their target price on Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.60.

Evergy Trading Up 0.0%

Shares of EVRG stock opened at $79.27 on Monday. The company has a current ratio of 0.36, a quick ratio of 0.21 and a debt-to-equity ratio of 1.20. Evergy has a 12-month low of $71.40 and a 12-month high of $88.62. The stock has a market capitalization of $18.28 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.06 and a beta of 0.53. The firm’s 50 day moving average is $82.78 and its 200 day moving average is $82.89.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th were paid a $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, August 18th. Evergy’s dividend payout ratio is 70.56%.

Insider Activity at Evergy

In related news, Director Jonathan Rolph bought 1,640 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average cost of $81.47 per share, with a total value of $133,610.80. Following the acquisition, the director owned 670 shares in the company, valued at $54,584.90. This trade represents a -169.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.52% of the stock is owned by company insiders.

Institutional Trading of Evergy

Several hedge funds have recently bought and sold shares of EVRG. Magellan Asset Management Ltd purchased a new stake in Evergy during the 2nd quarter valued at approximately $187,857,000. Legal & General Group Plc purchased a new position in shares of Evergy in the second quarter worth $138,233,000. Energy Income Partners LLC bought a new position in shares of Evergy during the second quarter worth $110,394,000. The Manufacturers Life Insurance Company bought a new position in shares of Evergy during the second quarter worth $54,307,000. Finally, Hsbc Holdings PLC purchased a new position in Evergy during the second quarter valued at $53,210,000. Institutional investors own 87.24% of the company’s stock.

About Evergy

Evergy, Inc is an investor-owned electric utility that generates, transmits, distributes and sells electricity to residential, commercial, industrial and other customers. The company operates regulated utilities and provides electric service through its Kansas and Missouri subsidiaries.

Evergy serves customers across much of Kansas and in western Missouri, including the Kansas City metropolitan area. Its generation portfolio includes a mix of renewable and conventional resources, such as wind, solar, natural gas and coal, as well as an ownership interest in the Wolf Creek nuclear generating station in Kansas.

The company was formed in 2018 through the merger of Great Plains Energy Incorporated and Westar Energy, Inc Evergy is headquartered in Topeka, Kansas, with significant operations in the Kansas City region.