Enviva Partners LP (NYSE:EVA) – Equities research analysts at DA Davidson cut their FY2016 EPS estimates for shares of Enviva Partners in a research report issued to clients and investors on Monday. DA Davidson analyst P. Fratt now expects that the brokerage will post earnings of $1.53 per share for the year, down from their previous estimate of $1.73. DA Davidson has a “Buy” rating on the stock. DA Davidson also issued estimates for Enviva Partners’ Q4 2016 earnings at $0.23 EPS, Q2 2017 earnings at $0.51 EPS, Q3 2017 earnings at $0.50 EPS, Q2 2018 earnings at $0.54 EPS and FY2018 earnings at $2.33 EPS.

A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Enviva Partners from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a report on Monday, August 8th. Goldman Sachs Group Inc. assumed coverage on shares of Enviva Partners in a report on Thursday, September 22nd. They set a “neutral” rating and a $28.00 price target on the stock. Finally, Citigroup Inc. assumed coverage on shares of Enviva Partners in a report on Friday, August 26th. They set a “neutral” rating and a $26.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.43.

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

Enviva Partners (NYSE:EVA) opened at 25.90 on Thursday. The company has a 50-day moving average of $27.21 and a 200-day moving average of $24.35. Enviva Partners has a 1-year low of $13.40 and a 1-year high of $29.85. The stock has a market capitalization of $641.59 million, a price-to-earnings ratio of 19.50 and a beta of 1.29.

Enviva Partners (NYSE:EVA) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.50 earnings per share 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 in the prior year, the firm posted $0.27 earnings per share. The firm’s quarterly revenue was down 5.8% on a year-over-year basis.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Investors of record on Monday, November 14th will be given a dividend of $0.53 per share. This is an increase from Enviva Partners’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $2.12 dividend on an annualized basis and a yield of 8.19%. Enviva Partners’s dividend payout ratio is 136.78%.

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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