Enviva Partners, LP (NYSE:EVA) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, EVA is expected to report 3Q20 income of $ 0.52 per share from revenue of $ 254.47 million.
For the full year, analysts anticipate top line of $ 916.47 million, while looking forward to income of $ 1.56 per share bottom line.
Previous Quarter Performance
Enviva Partners, LP revealed income for the second quarter of $ 0.26 per share, from the revenue of $ 167.71 million. Wall street analysts are predicting, EVA to report 2Q20 income of $ 0.34 per share from revenue of $ 208.70 million. The bottom line results missed street analysts by $ 0.08 or 23.53 percent, at the same time, top line results fell short of analysts by $ 40.99 million or 19.64 percent.
Stock Performance
Shares of Enviva Partners, LP traded up $ 0.36 or 0.83 percent on Tuesday, reaching $ 43.81 with volume of 96.00 thousand shares. Enviva Partners, LP has traded high as $ 44.87 and has cracked $ 43.52 on the downward trend
According to the previous trading day, closing price of $ 43.81, representing a 110.62 % increase from the 52 week low of $ 20.63 and a 3.16 % decrease over the 52 week high of $ 44.87.
The company has a market capital of $ 1.74 billion and is part of the Basic Materials sector and Lumber & Wood Production industry.
Recent Analyst recommendations
- On 8th October 2020, maintained by Raymond James at Strong Buy rating, with $ 44.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.765 per share on August 5, 2020. The dividend were payable on August 28, 2020 to holders of record as of the close of business on August 17, 2020 and ex-dividend date on August 14, 2020.
Enviva Partners, LP produces and supplies utility-grade wood pellets. It serves utilities and large-scale power generators in the United Kingdom and other European markets. Enviva Partners GP, LLC operates as the general partner of the company.
