Northland Securities Boosts Earnings Estimates for Everpure

Everpure, Inc. (NYSE:P) – Analysts at Northland Securities upped their Q1 2028 EPS estimates for Everpure in a research report issued on Thursday, September 24th. Northland Securities analyst N. Chokshi now forecasts that the company will earn $0.30 per share for the quarter, up from their previous forecast of $0.16. The consensus estimate for Everpure’s current full-year earnings is $0.95 per share. Northland Securities also issued estimates for Everpure’s Q2 2028 earnings at $0.56 EPS and FY2028 earnings at $2.29 EPS.

A number of other research analysts have also weighed in on P. Lake Street Capital lifted their price objective on shares of Everpure from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Morgan Stanley increased their target price on Everpure from $119.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, September 24th. Needham & Company LLC raised their price target on Everpure from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. DA Davidson set a $100.00 price target on Everpure in a research report on Wednesday, July 1st. Finally, Susquehanna reiterated a “positive” rating and set a $145.00 price objective on shares of Everpure in a research note on Thursday, August 27th. Seventeen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Everpure has an average rating of “Moderate Buy” and an average price target of $138.25.

Everpure Stock Up 0.3%

Shares of P stock opened at $129.75 on Monday. The stock has a market cap of $43.24 billion, a PE ratio of 177.74, a P/E/G ratio of 4.32 and a beta of 1.43. The company’s 50 day simple moving average is $98.93. Everpure has a 12 month low of $56.78 and a 12 month high of $132.44.

Everpure (NYSE:P) last issued its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company’s revenue was up 37.7% compared to the same quarter last year.

Insiders Place Their Bets

In related news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the transaction, the insider directly owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 42,930 shares of Everpure stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $124.17, for a total transaction of $5,330,618.10. Following the sale, the insider owned 288,362 shares of the company’s stock, valued at approximately $35,805,909.54. The trade was a 12.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,050,980 shares of company stock valued at $106,921,774 over the last 90 days. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Everpure

A number of hedge funds have recently made changes to their positions in the stock. Continuum Advisory LLC bought a new position in Everpure in the second quarter valued at $29,000. Reflection Asset Management bought a new stake in Everpure during the fourth quarter worth about $32,000. SHP Wealth Management bought a new stake in Everpure during the fourth quarter worth about $36,000. Rothschild Investment LLC lifted its stake in Everpure by 18.1% during the fourth quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after purchasing an additional 152 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new position in shares of Everpure in the 2nd quarter worth about $67,000. 83.42% of the stock is owned by institutional investors.

Everpure Company Profile

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.