Research Analysts Offer Predictions for Evergy Q4 Earnings

Evergy, Inc. (NYSE:EVRG) – Equities research analysts at Zacks Research reduced their Q4 2024 EPS estimates for shares of Evergy in a research note issued to investors on Thursday, November 28th. Zacks Research analyst R. Department now expects that the company will post earnings of $0.40 per share for the quarter, down from their previous estimate of $0.41. The consensus estimate for Evergy’s current full-year earnings is $3.84 per share. Zacks Research also issued estimates for Evergy’s Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.44 EPS, Q1 2026 earnings at $0.70 EPS, Q2 2026 earnings at $0.99 EPS, Q3 2026 earnings at $2.05 EPS and FY2026 earnings at $4.25 EPS.

A number of other equities research analysts also recently weighed in on the stock. Mizuho initiated coverage on shares of Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. UBS Group upgraded shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Barclays dropped their price target on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Jefferies Financial Group assumed coverage on shares of Evergy in a research note on Thursday, September 19th. They set a “buy” rating and a $70.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.88.

Evergy Price Performance

Shares of NYSE:EVRG opened at $64.63 on Monday. The business’s 50 day moving average is $61.82 and its 200-day moving average is $58.22. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $14.86 billion, a PE ratio of 17.47, a PEG ratio of 2.88 and a beta of 0.62. Evergy has a 1-year low of $48.04 and a 1-year high of $65.47.

Evergy (NYSE:EVRG) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.07. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.88 earnings per share.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be paid a $0.6675 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.13%. This is a boost from Evergy’s previous quarterly dividend of $0.64. Evergy’s payout ratio is 72.16%.

Insider Transactions at Evergy

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the sale, the senior vice president now owns 33,425 shares of the company’s stock, valued at $1,993,132.75. This represents a 21.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the sale, the executive vice president now owns 1 shares of the company’s stock, valued at $62.93. The trade was a 100.00 % decrease in their position. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EVRG. Fairscale Capital LLC bought a new position in Evergy in the 2nd quarter valued at $27,000. Truvestments Capital LLC acquired a new position in shares of Evergy during the third quarter valued at $32,000. Hexagon Capital Partners LLC boosted its holdings in Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after acquiring an additional 170 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Evergy in the second quarter worth about $37,000. Finally, Hantz Financial Services Inc. bought a new stake in Evergy during the 2nd quarter worth about $41,000. Institutional investors own 87.24% of the company’s stock.

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.