Evergy (NASDAQ:EVRG) Reports Quarterly Earnings Results

Evergy (NASDAQ:EVRG) announced its quarterly earnings results on Thursday. The company reported earnings per share (EPS) of $0.35 for the quarter, falling short of analysts' expectations of $0.46 by $0.11, according to reports from Zacks. Evergy recorded a net margin of 14.77% and a return on equity of 8.77%. Following this announcement, the company also provided an update on its fiscal year 2025 guidance, predicting EPS in the range of $3.920 to $4.120.

Evergy's Stock Performance

On the trading front, Evergy's stock experienced a decline of $0.54, bringing the price down to $68.56 during Thursday’s trading session. The total trading volume reached 3,599,095 shares, significantly higher than the average volume of 1,898,329 shares. Currently, Evergy has a market capitalization of $15.77 billion, a PE ratio of 18.53, and a price-to-earnings-growth ratio of 2.82, with a beta of 0.66. The stock has seen a one-year low of $48.60 and a high of $69.90. Additionally, Evergy's 50-day moving average is $63.85 and its 200-day moving average is $62.12. The company has a debt-to-equity ratio of 1.15 and liquidity ratios including a quick ratio of 0.32 and a current ratio of 0.55.

Dividends Announced

In another update, Evergy declared its quarterly dividend, which is set to be paid on Friday, March 21st. Shareholders who own stock before Monday, March 10th, will receive a dividend of $0.6675 per share. This translates to an annualized dividend of $2.67, equating to a dividend yield of 3.89%. The company’s payout ratio stands at 72.16%.

Changes in Analyst Ratings

Recent assessments from equity research analysts indicate varying opinions on Evergy. For instance, Guggenheim upgraded Evergy from a 'neutral' stance to a 'buy' rating on January 23rd. Conversely, Barclays revised their price target for Evergy from $65.00 down to $62.00 while maintaining an 'overweight' rating. In another report, LADENBURG THALM/SH SH raised their recommendation from 'neutral' to 'buy', increasing their price target from $59.00 to $68.50. At present, one analyst rates the stock as a hold, and eight have rated it as a buy, resulting in an overall average rating of 'Moderate Buy' and a target price of $65.36, as reported by MarketBeat.

About Evergy

Evergy, Inc., along with its subsidiaries, specializes in the generation, transmission, distribution, and sale of electricity in the United States. The company sources its electricity from various means, including coal, landfill gas, uranium, natural gas and oil, as well as renewable energy sources such as solar and wind. Evergy serves a diverse customer base, including residential, commercial, industrial, municipal clients, and other electric utilities.

Earnings, Stocks, Company