Enviva Partners, LP (EVA) Set to Announce Quarterly Earnings on Monday
Enviva Partners, LP (NYSE:EVA) is scheduled to be announcing its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
Enviva Partners, (NYSE:EVA) last issued its earnings results on Thursday, August 3rd. The energy company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.22). The business had revenue of $126.90 million during the quarter, compared to the consensus estimate of $142.08 million. Enviva Partners, had a return on equity of 8.49% and a net margin of 2.38%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, analysts expect Enviva Partners, to post $0.77 EPS for the current fiscal year and $1.42 EPS for the next fiscal year.
Shares of Enviva Partners, LP (NYSE:EVA) traded up 0.33% during midday trading on Monday, reaching $30.50. The company’s stock had a trading volume of 14,490 shares. The company has a market capitalization of $802.64 million, a P/E ratio of 54.86 and a beta of 1.17. Enviva Partners, LP has a 12-month low of $24.45 and a 12-month high of $31.95. The company’s 50-day moving average price is $29.63 and its 200 day moving average price is $28.67.
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Several equities research analysts have weighed in on EVA shares. Citigroup Inc. upgraded Enviva Partners, from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Friday, September 22nd. BidaskClub upgraded Enviva Partners, from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research upgraded Enviva Partners, from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Enviva Partners, presently has a consensus rating of “Buy” and a consensus target price of $33.50.
About Enviva Partners,
Enviva Partners, LP is a supplier of utility-grade wood pellets to power generators. The Company procures wood fiber and processes it into utility-grade wood pellets and loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and loaded onto oceangoing vessels for transport to the Company’s principally Northern European customers.
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