Analysts expect Enviva Partners LP (NYSE:EVA) to post earnings per share (EPS) of $0.15 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Enviva Partners’ earnings. Enviva Partners posted earnings of $0.57 per share during the same quarter last year, which suggests a negative year over year growth rate of 73.7%. The business is expected to issue its next earnings report on Thursday, May 2nd.
On average, analysts expect that Enviva Partners will report full year earnings of $0.96 per share for the current financial year. For the next fiscal year, analysts forecast that the firm will post earnings of $1.34 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Enviva Partners.
Enviva Partners (NYSE:EVA) last released its quarterly earnings data on Wednesday, February 20th. The energy company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. Enviva Partners had a return on equity of 19.52% and a net margin of 1.22%. The company had revenue of $168.67 million for the quarter, compared to analysts’ expectations of $162.20 million.
Separately, Zacks Investment Research raised Enviva Partners from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Wednesday, April 3rd.
In other news, Director Holdings Lp Enviva bought 1,681,237 shares of the stock in a transaction on Tuesday, April 2nd. The shares were bought at an average price of $29.74 per share, with a total value of $49,999,988.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of hedge funds have recently bought and sold shares of the business. Paragon Capital Management LLC bought a new position in Enviva Partners in the first quarter valued at about $32,000. Advisor Group Inc. raised its stake in shares of Enviva Partners by 855.0% in the fourth quarter. Advisor Group Inc. now owns 1,910 shares of the energy company’s stock worth $53,000 after buying an additional 1,710 shares during the period. Wedbush Securities Inc. raised its stake in shares of Enviva Partners by 26.7% in the fourth quarter. Wedbush Securities Inc. now owns 8,551 shares of the energy company’s stock worth $237,000 after buying an additional 1,801 shares during the period. Barclays PLC bought a new position in shares of Enviva Partners in the fourth quarter worth about $81,000. Finally, Morgan Stanley raised its stake in shares of Enviva Partners by 10.4% in the third quarter. Morgan Stanley now owns 49,552 shares of the energy company’s stock worth $1,575,000 after buying an additional 4,663 shares during the period.
Shares of Enviva Partners stock traded down $0.06 during trading on Friday, hitting $32.84. 30,901 shares of the company’s stock traded hands, compared to its average volume of 57,831. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.58 and a quick ratio of 0.39. Enviva Partners has a 1 year low of $25.40 and a 1 year high of $33.20. The stock has a market capitalization of $872.62 million, a PE ratio of 46.25 and a beta of 0.94.
Enviva Partners Company Profile
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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