FY2024 Earnings Forecast for Evergy Issued By Zacks Research

Evergy, Inc. (NASDAQ:EVRG) – Investment analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for Evergy in a note issued to investors on Monday, February 24th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $3.83 for the year, down from their prior estimate of $3.84. The consensus estimate for Evergy’s current full-year earnings is $3.83 per share. Zacks Research also issued estimates for Evergy’s Q4 2024 earnings at $0.37 EPS, FY2025 earnings at $4.02 EPS and Q2 2026 earnings at $0.98 EPS.

Other equities research analysts have also issued reports about the stock. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Mizuho started coverage on Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price for the company. Finally, Barclays reduced their price target on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Evergy has an average rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Stock Performance

Evergy stock opened at $68.81 on Wednesday. The business has a 50 day moving average of $63.52 and a 200-day moving average of $62.03. The company has a market capitalization of $15.82 billion, a P/E ratio of 18.60, a P/E/G ratio of 2.82 and a beta of 0.66. Evergy has a 1 year low of $48.60 and a 1 year high of $69.06. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32.

Institutional Trading of Evergy

A number of institutional investors have recently bought and sold shares of EVRG. Lee Danner & Bass Inc. bought a new position in shares of Evergy in the 4th quarter worth about $26,000. National Pension Service acquired a new stake in Evergy during the fourth quarter worth approximately $30,000. Bank of Jackson Hole Trust bought a new stake in Evergy in the fourth quarter worth approximately $31,000. Truvestments Capital LLC bought a new stake in Evergy in the third quarter worth approximately $32,000. Finally, Colonial Trust Co SC acquired a new position in Evergy in the fourth quarter valued at approximately $32,000. Institutional investors own 87.24% of the company’s stock.

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.