Evergy Guides FY23 In Line With Estimates - Update

(RTTNews) - While reporting financial results for the fourth quarter on Friday, Evergy, Inc. (EVRG) initiated its earnings and adjusted earnings guidance for the full-year 2023. It also reaffirmed long-term adjusted earnings growth outlook.

For fiscal 2023, the company now projects both earnings and adjusted earnings in a range of $3.55 to $3.75 per share.

On average, nine analysts polled by Thomson Reuters expected the company to report earnings of $3.66 per share for the year. Analysts' estimates typically exclude special items.

The company also reaffirmed its long-term adjusted earnings annual growth target of 6 to 8 percent through 2025 from the $3.30 midpoint of the original 2021 adjusted earnings guidance range.

The company's Board of Directors also declared a dividend on the company's common stock of $0.6125 per share, payable on March 22, 2023 to shareholders of record as of March 9, 2023.

The Company also updated its five-year capital investment plan to $11.6 billion from 2023 through 2027.

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