Enviva Partners LP (NYSE:EVA) – Stock analysts at DA Davidson cut their Q1 2017 earnings per share estimates for Enviva Partners in a report released on Monday. DA Davidson analyst P. Fratt now forecasts that the brokerage will post earnings of $0.39 per share for the quarter, down from their prior estimate of $0.44. DA Davidson currently has a “Buy” rating on the stock. DA Davidson also issued estimates for Enviva Partners’ Q4 2017 earnings at $0.47 EPS, FY2017 earnings at $1.86 EPS, Q1 2018 earnings at $0.47 EPS and Q3 2018 earnings at $0.66 EPS.

Several other research analysts have also recently issued reports on the company. Citigroup Inc. cut Enviva Partners to an “outperform” rating and set a $24.00 price objective for the company. in a research report on Thursday, July 14th. Raymond James Financial Inc. cut Enviva Partners from a “strong-buy” rating to an “outperform” rating and set a $24.00 price objective for the company. in a research report on Thursday, July 14th. Zacks Investment Research raised Enviva Partners from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research report on Monday, August 8th. Finally, Goldman Sachs Group Inc. started coverage on Enviva Partners in a research report on Thursday, September 22nd. They set a “neutral” rating and a $28.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Enviva Partners has an average rating of “Buy” and a consensus target price of $26.43.

Earnings History and Estimates for Enviva Partners (NYSE:EVA)

Shares of Enviva Partners (NYSE:EVA) opened at 26.50 on Wednesday. Enviva Partners has a 1-year low of $13.40 and a 1-year high of $29.85. The firm has a 50-day moving average price of $27.22 and a 200-day moving average price of $24.31. The stock has a market capitalization of $656.46 million, a PE ratio of 19.95 and a beta of 1.29.

Enviva Partners (NYSE:EVA) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by $0.01. Enviva Partners had a net margin of 9.16% and a return on equity of 12.79%. The business earned $109.80 million during the quarter, compared to analysts’ expectations of $124.87 million. During the same quarter last year, the business posted $0.27 earnings per share. The company’s quarterly revenue was down 5.8% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Monday, November 14th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This is an increase from Enviva Partners’s previous quarterly dividend of $0.53. This represents a $2.12 annualized dividend and a yield of 8.00%. Enviva Partners’s dividend payout ratio is currently 136.78%.

A number of hedge funds have recently bought and sold shares of EVA. JPMorgan Chase & Co. bought a new stake in Enviva Partners during the second quarter valued at approximately $115,000. Winslow Evans & Crocker Inc. increased its stake in Enviva Partners by 35.2% in the third quarter. Winslow Evans & Crocker Inc. now owns 4,800 shares of the company’s stock valued at $130,000 after buying an additional 1,250 shares in the last quarter. KCG Holdings Inc. bought a new stake in Enviva Partners during the third quarter valued at approximately $358,000. Emerald Acquisition Ltd. bought a new stake in Enviva Partners during the second quarter valued at approximately $379,000. Finally, California Public Employees Retirement System bought a new stake in Enviva Partners during the second quarter valued at approximately $392,000.

Enviva Partners Company Profile

Enviva Partners, LP is a producer of wood pellets. The Company, through its interests in Enviva, LP and Enviva GP, LLC, supplies utility-grade wood pellets to power generators under long-term, take-or-pay off-take contracts. The Company procures wood fiber and processes it into utility-grade wood pellets.

5 Day Chart for NYSE:EVA

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