Everpure, Inc. (NYSE:P – Free Report) – Investment analysts at Northland Securities raised their Q3 2027 earnings per share estimates for shares of Everpure in a research note issued to investors on Thursday, August 27th. Northland Securities analyst N. Chokshi now forecasts that the company will post earnings of $0.32 per share for the quarter, up from their previous forecast of $0.22. Northland Securities currently has a “Outperform” rating and a $128.00 target price on the stock. The consensus estimate for Everpure’s current full-year earnings is $0.93 per share. Northland Securities also issued estimates for Everpure’s Q4 2027 earnings at $0.38 EPS, FY2027 earnings at $1.05 EPS, Q1 2028 earnings at $0.16 EPS, Q2 2028 earnings at $0.42 EPS, Q3 2028 earnings at $0.55 EPS, Q4 2028 earnings at $0.70 EPS and FY2028 earnings at $1.84 EPS.
Everpure (NYSE:P – Get Free Report) last announced its earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion for the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The company’s revenue was up 37.7% on a year-over-year basis.
Everpure Price Performance
Shares of P opened at $92.95 on Tuesday. The company has a fifty day simple moving average of $85.91. The firm has a market cap of $30.90 billion, a P/E ratio of 127.33, a PEG ratio of 3.85 and a beta of 1.45. Everpure has a fifty-two week low of $56.78 and a fifty-two week high of $119.10.
Insiders Place Their Bets
In related news, insider John Colgrove sold 64,815 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $117.44, for a total value of $7,611,873.60. Following the transaction, the insider owned 6,074,080 shares in the company, valued at approximately $713,339,955.20. The trade was a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan J.S. Taylor sold 8,543 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $81.74, for a total value of $698,304.82. Following the completion of the transaction, the director owned 94,608 shares in the company, valued at approximately $7,733,257.92. This trade represents a 8.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 817,520 shares of company stock valued at $77,276,792 in the last three months. 5.10% of the stock is owned by insiders.
Hedge Funds Weigh In On Everpure
Several institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System acquired a new stake in shares of Everpure during the second quarter worth approximately $2,964,174,000. Norges Bank bought a new position in Everpure during the 4th quarter valued at $265,327,000. Atreides Management LP acquired a new position in Everpure during the 2nd quarter worth $204,552,000. Polar Capital Holdings Plc increased its position in shares of Everpure by 90.5% in the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock worth $237,278,000 after purchasing an additional 1,345,207 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Everpure by 62.7% in the 4th quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock worth $228,820,000 after purchasing an additional 1,315,351 shares during the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting Everpure
Here are the key news stories impacting Everpure this week:
- Positive Sentiment: Northland raised its long-term earnings outlook. The firm maintained an “Outperform” rating and $128 price target, lifting its FY2027 EPS forecast to $1.05 from $0.93 and FY2028 EPS to $1.84 from $1.48. It also raised several quarterly estimates, suggesting stronger expected growth and supporting the bullish case for Everpure.
- Positive Sentiment: Q2 results showed accelerating demand. Revenue surged 38% year over year, subscription annual recurring revenue reached $2.1 billion, and management said large deals accelerated. Everpure also exceeded Wall Street’s quarterly sales and earnings expectations and issued upward guidance revisions. Everpure Q2 2027 Earnings Call Transcript
- Positive Sentiment: Analyst sentiment improved. Wall Street Zen upgraded Everpure to “Strong Buy,” adding another favorable signal after the earnings report. Everpure Raised to Strong Buy at Wall Street Zen
- Neutral Sentiment: Northland made modest reductions to its Q4 2027 EPS estimate, from $0.39 to $0.38, and Q1 2028 estimate, from $0.17 to $0.16. These cuts were more than offset by increases to other quarterly and full-year forecasts.
- Negative Sentiment: Profitability and cash-flow concerns remain. Product gross-margin issues have weighed on investor confidence, while free cash flow swung to negative $238 million despite strong revenue and product-sales growth. These concerns contributed to a recent sell-off and could limit upside if margins or cash generation do not improve. Everpure Revenue and Free Cash Flow Report Why Everpure Stock Plummeted This Week
Everpure Company Profile
Pure Storage, Inc provides data storage technologies, products, and services in the United States and internationally. The company’s Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array.
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