Zacks Research Has Optimistic Outlook of Evergy Q1 Earnings

Evergy Inc. (NASDAQ:EVRG) – Investment analysts at Zacks Research increased their Q1 2027 earnings per share (EPS) estimates for Evergy in a report issued on Friday, September 18th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.71 for the quarter, up from their prior forecast of $0.69. The consensus estimate for Evergy’s current full-year earnings is $4.25 per share. Zacks Research also issued estimates for Evergy’s Q3 2027 earnings at $2.26 EPS, Q4 2027 earnings at $0.66 EPS, FY2027 earnings at $4.59 EPS, Q1 2028 earnings at $0.75 EPS, Q2 2028 earnings at $0.99 EPS and FY2028 earnings at $4.92 EPS.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Evergy had a return on equity of 9.20% and a net margin of 15.19%.During the same quarter in the prior year, the firm posted $0.82 EPS.

EVRG has been the subject of a number of other research reports. Citigroup increased their target price on shares of Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. BMO Capital Markets upped their target price on shares of Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a report on Friday, August 7th. Barclays boosted their target price on Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Finally, BTIG Research set a $97.00 price objective on Evergy in a report on Thursday, July 23rd. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.60.

Evergy Price Performance

NASDAQ:EVRG opened at $79.26 on Monday. The company has a market capitalization of $18.27 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.07 and a beta of 0.53. The company has a 50-day moving average of $82.92 and a 200-day moving average of $82.93. Evergy has a 52 week low of $71.40 and a 52 week high of $88.62. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, August 18th were given a $0.695 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.5%. Evergy’s dividend payout ratio is currently 70.56%.

Insider Activity at Evergy

In other Evergy news, Director Jonathan Rolph bought 1,640 shares of Evergy stock in a transaction on Friday, September 11th. The shares were purchased at an average cost of $81.47 per share, for a total transaction of $133,610.80. Following the completion of the acquisition, the director owned 670 shares in the company, valued at approximately $54,584.90. The trade was a -169.07% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Rakuten Investment Management Inc. bought a new position in shares of Evergy in the second quarter valued at $3,279,000. Bank of Nova Scotia bought a new stake in Evergy during the second quarter worth $3,569,000. Greenland Capital Management LP acquired a new stake in Evergy in the second quarter valued at $8,230,000. Vestcor Inc grew its position in shares of Evergy by 49.6% in the 4th quarter. Vestcor Inc now owns 174,330 shares of the company’s stock valued at $12,637,000 after acquiring an additional 57,795 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG bought a new position in shares of Evergy in the 2nd quarter valued at about $6,491,000. Institutional investors own 87.24% of the company’s stock.

About Evergy

Evergy, Inc is an investor-owned electric utility that generates, transmits, distributes and sells electricity to residential, commercial, industrial and other customers. The company operates regulated utilities and provides electric service through its Kansas and Missouri subsidiaries.

Evergy serves customers across much of Kansas and in western Missouri, including the Kansas City metropolitan area. Its generation portfolio includes a mix of renewable and conventional resources, such as wind, solar, natural gas and coal, as well as an ownership interest in the Wolf Creek nuclear generating station in Kansas.

The company was formed in 2018 through the merger of Great Plains Energy Incorporated and Westar Energy, Inc Evergy is headquartered in Topeka, Kansas, with significant operations in the Kansas City region.