Evergy (NASDAQ:EVRG - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.11), Zacks reports. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Evergy updated its FY 2025 guidance to 3.920-4.120 EPS.
Evergy Stock Up 0.9 %
Shares of NASDAQ EVRG traded up $0.61 during midday trading on Monday, hitting $69.52. 2,021,359 shares of the stock traded hands, compared to its average volume of 1,801,241. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy has a one year low of $48.86 and a one year high of $69.90. The business has a 50 day moving average price of $64.00 and a two-hundred day moving average price of $62.24. The company has a market cap of $15.99 billion, a PE ratio of 18.79, a P/E/G ratio of 2.82 and a beta of 0.66.
Evergy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a $0.6675 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 3.84%. Evergy's dividend payout ratio (DPR) is presently 70.45%.
Wall Street Analyst Weigh In
EVRG has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH upgraded Evergy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Barclays decreased their target price on Evergy from $65.00 to $62.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Finally, Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $65.36.
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Evergy Company Profile
(
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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.
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