The price of Evergy Inc (NASDAQ: EVRG) closed at $49.12 in the last session, down -0.85% from day before closing price of $49.54. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 2653534 shares were traded. EVRG stock price reached its highest trading level at $49.56 during the session, while it also had its lowest trading level at $48.60.
Ratios:
We take a closer look at EVRG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.29 and its Current Ratio is at 0.51. In the meantime, Its Debt-to-Equity ratio is 1.37 whereas as Long-Term Debt/Eq ratio is at 1.15.
On January 09, 2024, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $54 to $60.
Barclays Upgraded its Equal Weight to Overweight on January 02, 2024, whereas the target price for the stock was revised from $53 to $56.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 14 when Landrieu Mary L. sold 1,170 shares for $59.62 per share. The transaction valued at 69,755 led to the insider holds 4,210 shares of the business.
Elwell Lesley Lissette sold 1,328 shares of EVRG for $76,585 on May 25. The SVP & CHIEF HRO & CHIEF DO now owns 27 shares after completing the transaction at $57.67 per share. On May 12, another insider, Lawrence Sandra AJ, who serves as the Director of the company, sold 2,523 shares for $62.32 each. As a result, the insider received 157,243 and left with 480 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EVRG now has a Market Capitalization of 11.29B and an Enterprise Value of 24.41B. As of this moment, Evergy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.46, and their Forward P/E ratio for the next fiscal year is 12.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.05 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 4.43 whereas that against EBITDA is 10.10.
Stock Price History:
Over the past 52 weeks, EVRG has reached a high of $63.93, while it has fallen to a 52-week low of $46.92. The 50-Day Moving Average of the stock is 51.03, while the 200-Day Moving Average is calculated to be 53.81.
Shares Statistics:
According to the various share statistics, EVRG traded on average about 3.01M shares per day over the past 3-months and 2.55M shares per day over the past 10 days. A total of 229.73M shares are outstanding, with a floating share count of 226.06M. Insiders hold about 1.60% of the company’s shares, while institutions hold 86.83% stake in the company. Shares short for EVRG as of Feb 15, 2024 were 8.28M with a Short Ratio of 2.75, compared to 7.34M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.60% and a Short% of Float of 4.19%.
Dividends & Splits
The forward annual dividend rate for EVRG is 2.48, which was 2.48 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 5.01%, it implies a Forward Annual Dividend Yield of 5.23%. The stock’s 5-year Average Dividend Yield is 3.60. The current Payout Ratio is 78.17% for EVRG, which recently paid a dividend on Mar 22, 2024 with an ex-dividend date of Mar 08, 2024. Stock splits for the company last occurred on May 22, 1987 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.65 for the current quarter, with a high estimate of $0.71 and a low estimate of $0.59, while EPS last year was $0.59. The consensus estimate for the next quarter is $0.86, with high estimates of $0.87 and low estimates of $0.84.
Analysts are recommending an EPS of between $3.84 and $3.78 for the fiscal current year, implying an average EPS of $3.82. EPS for the following year is $3.99, with 7 analysts recommending between $4.03 and $3.85.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $1.26B. It ranges from a high estimate of $1.31B to a low estimate of $1.22B. As of the current estimate, Evergy Inc’s year-ago sales were $1.3B, an estimated decrease of -2.50% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $1.38B, an increase of 2.10% over than the figure of -$2.50% in the same quarter last year. There is a high estimate of $1.41B for the next quarter, whereas the lowest estimate is $1.36B.
A total of 7 analysts have provided revenue estimates for EVRG’s current fiscal year. The highest revenue estimate was $6.3B, while the lowest revenue estimate was $5.27B, resulting in an average revenue estimate of $5.9B. In the same quarter a year ago, actual revenue was $5.51B, up 7.10% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $6.05B in the next fiscal year. The high estimate is $6.46B and the low estimate is $5.42B. The average revenue growth estimate for next year is up 2.50% from the average revenue estimate for this year.
