Evergy (NYSE:EVRG) Issues FY 2025 Earnings Guidance

Evergy (NYSE:EVRG) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 3.920-4.120 for the period, compared to the consensus EPS estimate of 4.050. The company issued revenue guidance of -. Evergy also updated its FY 2024 guidance to 3.730-3.930 EPS.

Evergy Trading Up 0.2 %

Shares of EVRG stock traded up $0.13 on Thursday, hitting $61.18. 548,060 shares of the company’s stock traded hands, compared to its average volume of 2,050,248. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59. Evergy has a one year low of $47.97 and a one year high of $62.58. The company’s fifty day simple moving average is $60.66 and its 200 day simple moving average is $57.00. The stock has a market capitalization of $14.07 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 2.66 and a beta of 0.62.

Evergy (NYSE:EVRG) last released its earnings results on Friday, August 9th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. Evergy had a net margin of 13.12% and a return on equity of 8.50%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm earned $0.81 EPS. Equities analysts forecast that Evergy will post 3.84 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EVRG. Barclays dropped their price target on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Mizuho initiated coverage on shares of Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 target price for the company. UBS Group raised shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Wells Fargo & Company lifted their price target on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group began coverage on shares of Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target for the company. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.88.

Insider Buying and Selling

In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of Evergy stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the sale, the senior vice president now owns 33,425 shares in the company, valued at approximately $1,993,132.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares in the company, valued at approximately $2,076,463.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,884 shares of company stock valued at $941,810. 3.26% of the stock is owned by insiders.

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.