Evergy (NYSE:EVRG) Releases FY25 Earnings Guidance

Evergy (NYSE:EVRG) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.92-4.12 for the period, compared to the consensus estimate of $4.04. Evergy also updated its FY 2024 guidance to 3.730-3.930 EPS.

Evergy Price Performance

Shares of Evergy stock opened at $61.05 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. The business’s 50 day simple moving average is $60.66 and its two-hundred day simple moving average is $57.00. The stock has a market capitalization of $14.04 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 2.66 and a beta of 0.62. Evergy has a one year low of $47.97 and a one year high of $62.58.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EVRG shares. Wells Fargo & Company boosted their target price on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Barclays dropped 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. Mizuho initiated coverage on Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 target price on the stock. UBS Group upgraded Evergy to a “hold” rating in a research note on Wednesday, September 18th. Finally, Jefferies Financial Group initiated coverage on Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.88.

Insiders Place Their Bets

In other news, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of the transaction, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction that occurred on Tuesday, August 13th. The shares were 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 of the company’s stock, valued at $167,545.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the transaction, the senior vice president now owns 35,314 shares in the company, valued at $2,076,463.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,884 shares of company stock worth $941,810 in the last ninety days. 3.26% of the stock is owned by company 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.