Enviva Partners, LP (NYSE:EVA) is set to announce its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
Enviva Partners, (NYSE:EVA) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.22). The firm had revenue of $126.90 million for the quarter, compared to analysts’ expectations of $142.08 million. Enviva Partners, had a return on equity of 8.49% and a net margin of 2.38%. Enviva Partners,’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. On average, analysts expect Enviva Partners, to post $0.85 EPS for the current fiscal year and $1.61 EPS for the next fiscal year.
Shares of Enviva Partners, LP (EVA) opened at 29.40 on Friday. The stock has a market capitalization of $773.69 million, a PE ratio of 52.88 and a beta of 1.17. The stock’s 50 day moving average is $29.68 and its 200 day moving average is $28.71. Enviva Partners, LP has a 52-week low of $24.45 and a 52-week high of $31.95.
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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Enviva Partners, from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub raised shares of Enviva Partners, from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. raised shares of Enviva Partners, from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a report on Friday, September 22nd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $33.50.
About Enviva Partners,
Enviva Partners, LP is a supplier of utility-grade wood pellets to power generators. The Company procures wood fiber and processes it into utility-grade wood pellets and loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and loaded onto oceangoing vessels for transport to the Company’s principally Northern European customers.
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