Northland Securities Predicts Reduced Earnings for Everpure

Everpure, Inc. (NYSE:P) – Investment analysts at Northland Securities decreased their Q3 2027 EPS estimates for Everpure in a report issued on Thursday, May 28th. Northland Securities analyst N. Chokshi now expects that the company will earn $0.22 per share for the quarter, down from their prior forecast of $0.23. The consensus estimate for Everpure’s current full-year earnings is $0.73 per share.

Other equities research analysts also recently issued reports about the stock. Piper Sandler reiterated an “overweight” rating on shares of Everpure in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised their price target on shares of Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Morgan Stanley raised their price target on shares of Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Everpure in a research note on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Everpure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.32.

Everpure Stock Performance

Shares of Everpure stock opened at $72.19 on Monday. The stock has a market cap of $23.86 billion, a price-to-earnings ratio of 109.39, a PEG ratio of 5.12 and a beta of 1.44. Everpure has a 12-month low of $50.20 and a 12-month high of $100.59.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share.

Insider Buying and Selling at Everpure

In related news, insider John Colgrove sold 10,280 shares of Everpure stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $85.32, for a total transaction of $877,089.60. Following the sale, the insider directly owned 6,614,941 shares in the company, valued at $564,386,766.12. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 544,545 shares of company stock valued at $42,198,324. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Everpure

Hedge funds have recently added to or reduced their stakes in the business. Provenance Wealth Advisors LLC acquired a new stake in Everpure during the 3rd quarter worth approximately $27,000. Sunbelt Securities Inc. boosted its position in Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after buying an additional 244 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new stake in Everpure during the 3rd quarter worth approximately $28,000. Assetmark Inc. boosted its position in Everpure by 186.6% during the 3rd quarter. Assetmark Inc. now owns 341 shares of the company’s stock worth $29,000 after buying an additional 222 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in Everpure during the 3rd quarter worth approximately $29,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

About Everpure

Pure Storage, Inc provides data storage technologies, products, and services in the United States and internationally. The company’s Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array.