Evergy (NASDAQ:EVRG) Issues Earnings Results

Evergy (NASDAQ:EVRG) posted its quarterly earnings results on Thursday. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11), Zacks reports. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Evergy updated its FY 2025 guidance to 3.920-4.120 EPS.

Evergy Trading Down 0.2 %

Shares of Evergy stock traded down $0.14 on Friday, reaching $68.42. The company had a trading volume of 375,841 shares, compared to its average volume of 1,857,877. The firm has a market cap of $15.73 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 2.82 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The firm’s 50-day moving average price is $63.85 and its two-hundred day moving average price is $62.12. Evergy has a 1 year low of $48.60 and a 1 year high of $69.90.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.90%. Evergy’s dividend payout ratio (DPR) is presently 72.16%.

Analyst Ratings Changes

A number of research firms have commented on EVRG. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Barclays cut their price objective on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.36.

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.