Evergy (NYSE:EVRG) Updates FY25 Earnings Guidance

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

Evergy Stock Performance

Evergy stock opened at $61.05 on Thursday. The business has a 50 day moving average of $60.66 and a 200-day moving average of $57.00. Evergy has a 1 year low of $47.97 and a 1 year high of $62.58. 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 company has a market capitalization of $14.04 billion, a P/E ratio of 19.02, a P/E/G ratio of 2.66 and a beta of 0.62.

Evergy (NYSE:EVRG) last released its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, equities research analysts predict that Evergy will post 3.84 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on EVRG shares. Wells Fargo & Company upped their target price on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. UBS Group upgraded Evergy to a “hold” rating in a report on Wednesday, September 18th. Mizuho assumed coverage on Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 target price on the stock. Jefferies Financial Group assumed coverage on Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Barclays lowered their price target on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. 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 an average price target of $61.88.

Insider Transactions at Evergy

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now owns 33,425 shares in the company, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Ann D. Murtlow sold 3,301 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the transaction, the director now directly owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the transaction, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,884 shares of company stock worth $941,810. 3.26% of the stock is owned by company insiders.

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.