Evergy (NYSE:EVRG) Issues FY 2024 Earnings Guidance

Evergy (NYSE:EVRG) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 3.730-3.930 for the period, compared to the consensus EPS estimate of 3.840. The company issued revenue guidance of -. Evergy also updated its FY 2025 guidance to 3.920-4.120 EPS.

Evergy Stock Performance

Shares of NYSE EVRG traded up $0.13 during trading hours on Thursday, reaching $61.18. The stock had a trading volume of 548,060 shares, compared to its average volume of 2,050,248. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.66 and a beta of 0.62. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. Evergy has a fifty-two week low of $47.97 and a fifty-two week high of $62.58. The firm has a 50-day moving average of $60.66 and a 200-day moving average of $57.00.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm earned $0.81 EPS. Equities research analysts predict that Evergy will post 3.84 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on EVRG. Mizuho began coverage on Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target for the company. UBS Group raised Evergy to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group began coverage on Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target for the company. Wells Fargo & Company raised their price target on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Barclays reduced their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.88.

Insider Activity at Evergy

In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the transaction, the director now directly owns 2,847 shares in the company, valued at $167,545.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Ann D. Murtlow sold 3,301 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the transaction, the director now directly owns 2,847 shares in the company, valued at approximately $167,545.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the sale, the senior vice president now owns 33,425 shares of the company’s stock, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,884 shares of company stock valued at $941,810 over the last three months. 3.26% of the stock is owned by insiders.

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.