Enviva Partners (NYSE:EVA) issued its earnings results on Thursday. The energy company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06, Fidelity Earnings reports. The company had revenue of $144.15 million during the quarter, compared to analyst estimates of $160.20 million. Enviva Partners had a positive return on equity of 8.77% and a negative net margin of 0.30%.
EVA stock traded up $0.19 during midday trading on Friday, reaching $30.85. The stock had a trading volume of 40,600 shares, compared to its average volume of 43,022. The firm has a market capitalization of $816.05 million, a price-to-earnings ratio of 50.57 and a beta of 1.06. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.18 and a quick ratio of 0.77. Enviva Partners has a 52-week low of $25.01 and a 52-week high of $33.20.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 29th. Investors of record on Thursday, November 15th will be paid a $0.635 dividend. This is a positive change from Enviva Partners’s previous quarterly dividend of $0.63. The ex-dividend date is Wednesday, November 14th. This represents a $2.54 dividend on an annualized basis and a yield of 8.23%. Enviva Partners’s dividend payout ratio (DPR) is 413.11%.
EVA has been the subject of a number of research analyst reports. TheStreet upgraded Enviva Partners from a “c+” rating to a “b” rating in a research note on Monday, September 17th. Zacks Investment Research lowered Enviva Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 9th. ValuEngine upgraded Enviva Partners from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $37.00 target price (up previously from $33.00) on shares of Enviva Partners in a research note on Thursday, August 9th.
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About Enviva Partners
Enviva Partners, LP produces and supplies utility-grade wood pellets. It serves utilities and power generators in the United Kingdom and other European markets. Enviva Partners GP, LLC operates as the general partner of the company. Enviva Partners, LP was founded in 2013 and is based in Bethesda, Maryland.
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