Evergy (NYSE:EVRG – Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 3.730-3.930 for the period, compared to the consensus EPS estimate of 3.830. The company issued revenue guidance of -. Evergy also updated its FY24 guidance to $3.73-3.93 EPS.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Barclays boosted their price objective on Evergy from $56.00 to $61.00 and gave the company an overweight rating in a research note on Tuesday, May 14th. Wells Fargo & Company raised their price objective on shares of Evergy from $57.00 to $62.00 and gave the company an overweight rating in a research report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $57.83.
Get Our Latest Stock Analysis on EVRG
Evergy Stock Down 0.5 %
Evergy (NYSE:EVRG – Get Free Report) last released its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Evergy had a return on equity of 8.32% and a net margin of 12.84%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. Equities analysts expect that Evergy will post 3.84 earnings per share for the current year.
Evergy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th will be paid a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.38%. Evergy’s dividend payout ratio (DPR) is presently 83.17%.
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.
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