FY2026 Earnings Estimate for Evergy Issued By Zacks Research

Evergy, Inc. (NASDAQ:EVRG - Free Report) - Investment analysts at Zacks Research dropped their FY2026 earnings per share estimates for shares of Evergy in a report issued on Monday, February 24th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $4.25 for the year, down from their previous estimate of $4.26. The consensus estimate for Evergy's current full-year earnings is $3.83 per share.

Several other brokerages have also recently issued reports on EVRG. LADENBURG THALM/SH SH upgraded Evergy from a "neutral" rating to a "buy" rating and upped their price objective for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Barclays lowered their target price on Evergy from $65.00 to $62.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $65.36.

Evergy Price Performance

EVRG stock traded up $0.61 during trading on Thursday, hitting $69.52. The stock had a trading volume of 1,748,785 shares, 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. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. The company's 50 day moving average price is $64.00 and its two-hundred day moving average price is $62.24. Evergy has a 1-year low of $48.86 and a 1-year high of $69.90.

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Evergy (NASDAQ:EVRG - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.11). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders 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 annualized dividend and a dividend yield of 3.84%. Evergy's dividend payout ratio is presently 70.45%.

Hedge Funds Weigh In On Evergy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Evergy during the fourth quarter valued at approximately $1,728,000. Mackenzie Financial Corp grew its stake in shares of Evergy by 38.3% in the fourth quarter. Mackenzie Financial Corp now owns 156,238 shares of the company's stock worth $9,616,000 after acquiring an additional 43,289 shares during the last quarter. Retirement Planning Group LLC raised its holdings in Evergy by 0.9% in the 4th quarter. Retirement Planning Group LLC now owns 24,372 shares of the company's stock worth $1,500,000 after acquiring an additional 210 shares during the last quarter. Woodline Partners LP purchased a new stake in shares of Evergy during the 4th quarter valued at about $850,000. Finally, iSAM Funds UK Ltd purchased a new stake in Evergy during the fourth quarter valued at $840,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

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.