Zacks Research Has Negative Forecast for Evergy Q4 Earnings

Evergy, Inc. (NYSE:EVRG) – Zacks Research lowered their Q4 2024 earnings estimates for Evergy in a research note issued on Thursday, November 28th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.40 for the quarter, down from their prior forecast of $0.41. The consensus estimate for Evergy’s current full-year earnings is $3.85 per share. Zacks Research also issued estimates for Evergy’s Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.44 EPS, Q1 2026 earnings at $0.70 EPS, Q2 2026 earnings at $0.99 EPS, Q3 2026 earnings at $2.05 EPS and FY2026 earnings at $4.25 EPS.

A number of other equities research analysts also recently issued reports on the stock. UBS Group upgraded shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group started 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. Barclays cut their price objective on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Wells Fargo & Company lifted their price objective on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Mizuho started coverage on Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.88.

Evergy Price Performance

EVRG stock opened at $63.25 on Monday. The firm has a 50 day moving average of $61.86 and a 200-day moving average of $58.29. Evergy has a 12-month low of $48.04 and a 12-month high of $65.47. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 2.83 and a beta of 0.64.

Evergy (NYSE:EVRG) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.88 earnings per share.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.22%. This is a boost from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, November 21st. Evergy’s dividend payout ratio is 72.16%.

Insiders Place Their Bets

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total value of $3,029,513.13. Following the transaction, the executive vice president now owns 1 shares in the company, valued at $62.93. The trade was a 100.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.26% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Evergy

Institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of Evergy by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company’s stock valued at $330,469,000 after purchasing an additional 288,619 shares in the last quarter. Millennium Management LLC raised its stake in shares of Evergy by 38.6% in the 2nd quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock valued at $195,089,000 after purchasing an additional 1,026,374 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Evergy by 18.8% during the 2nd quarter. Federated Hermes Inc. now owns 3,490,674 shares of the company’s stock valued at $184,901,000 after buying an additional 552,455 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Evergy by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock valued at $176,650,000 after buying an additional 583,923 shares during the last quarter. Finally, Pathway Financial Advisers LLC grew its position in shares of Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock valued at $157,443,000 after buying an additional 2,502,493 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Company Profile

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.