Evergy (NYSE:EVRG) announced its quarterly earnings results on Wednesday. The company reported $1.57 EPS for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.02), Briefing.com reports. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.62 billion. Evergy had a net margin of 11.74% and a return on equity of 6.44%. During the same quarter last year, the firm posted $1.38 EPS. Evergy updated its FY19 guidance to $2.80-3.00 EPS.
Shares of NYSE EVRG traded up $0.24 during trading on Friday, hitting $63.06. The stock had a trading volume of 1,703,749 shares, compared to its average volume of 1,730,431. Evergy has a 12 month low of $54.57 and a 12 month high of $67.81. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.44 and a quick ratio of 0.30. The company has a market capitalization of $14.72 billion, a PE ratio of 23.62, a PEG ratio of 3.30 and a beta of 0.13. The firm has a fifty day moving average of $64.51 and a two-hundred day moving average of $61.87.
In other news, EVP Greg A. Greenwood sold 6,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $63.23, for a total value of $379,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Heather A. Humphrey sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $66.20, for a total transaction of $66,200.00. In the last quarter, insiders sold 11,000 shares of company stock valued at $706,300. Company insiders own 0.38% of the company’s stock.
A number of analysts have commented on the stock. UBS Group decreased their price target on shares of Evergy from $68.00 to $67.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. Wells Fargo & Co set a $69.00 price target on shares of Evergy and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Guggenheim boosted their price target on shares of Evergy from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. SunTrust Banks boosted their price target on shares of Evergy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, ValuEngine lowered shares of Evergy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $66.29.
Evergy Company Profile
Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.
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