Analysts predict that Evergy (NASDAQ:EVRG) will report $1.30 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Evergy’s earnings, with the lowest sales estimate coming in at $1.25 billion and the highest estimate coming in at $1.34 billion. Evergy reported sales of $893.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 45.5%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Evergy will report full year sales of $5.35 billion for the current fiscal year, with estimates ranging from $4.98 billion to $5.58 billion. For the next financial year, analysts forecast that the firm will post sales of $5.47 billion, with estimates ranging from $5.08 billion to $5.79 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Evergy.
Evergy (NASDAQ:EVRG) last issued its earnings results on Wednesday, May 8th. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm earned $0.34 EPS.
A number of analysts recently commented on EVRG shares. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Tuesday, February 12th. Zacks Investment Research downgraded shares of Evergy from a “hold” rating to a “sell” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $60.14.
In related news, EVP Greg A. Greenwood sold 8,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $57.28, for a total transaction of $458,240.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Anthony D. Somma sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $59.04, for a total transaction of $59,040.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,632 shares of company stock worth $1,129,784.
A number of hedge funds have recently added to or reduced their stakes in the stock. Standard Life Aberdeen plc purchased a new stake in Evergy during the 3rd quarter valued at $9,586,000. Teachers Advisors LLC boosted its stake in Evergy by 15.5% during the 3rd quarter. Teachers Advisors LLC now owns 971,434 shares of the company’s stock valued at $53,351,000 after purchasing an additional 130,525 shares during the last quarter. Legal & General Group Plc boosted its stake in Evergy by 50.7% during the 3rd quarter. Legal & General Group Plc now owns 2,496,623 shares of the company’s stock valued at $137,093,000 after purchasing an additional 840,310 shares during the last quarter. Morgan Stanley boosted its stake in Evergy by 64.7% during the 3rd quarter. Morgan Stanley now owns 1,854,479 shares of the company’s stock valued at $101,847,000 after purchasing an additional 728,308 shares during the last quarter. Finally, Vanguard Group Inc boosted its stake in Evergy by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 29,586,321 shares of the company’s stock valued at $1,624,880,000 after purchasing an additional 198,253 shares during the last quarter.
EVRG stock traded up $0.33 during trading on Friday, reaching $58.70. 1,088,108 shares of the company were exchanged, compared to its average volume of 1,779,751. Evergy has a 52-week low of $50.89 and a 52-week high of $61.10.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Wednesday, May 29th.
Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.
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