IDACORP (IDA) to Release Quarterly Earnings on Thursday

IDACORP (NYSE:IDA - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $1.04 per share and revenue of $442.24 million for the quarter. IDACORP has set its FY 2025 guidance at 5.650-5.850 EPS.

IDACORP (NYSE:IDA - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $398.13 million for the quarter, compared to analyst estimates of $403.21 million. IDACORP had a net margin of 15.83% and a return on equity of 9.23%. On average, analysts expect IDACORP to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

IDACORP Price Performance

IDACORP stock remained flat at $117.65 during mid-day trading on Tuesday. 418,670 shares of the company's stock traded hands, compared to its average volume of 329,032. The stock has a market cap of $6.36 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 2.32 and a beta of 0.56. IDACORP has a one year low of $90.64 and a one year high of $120.84. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. The business has a 50-day moving average of $115.94 and a two-hundred day moving average of $112.54.

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 5th will be given a dividend of $0.86 per share. The ex-dividend date is Monday, May 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.92%. IDACORP's dividend payout ratio (DPR) is presently 62.77%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on IDA shares. StockNews.com upgraded shares of IDACORP from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Bank of America raised their target price on shares of IDACORP from $119.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Guggenheim upgraded shares of IDACORP from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Jefferies Financial Group upgraded shares of IDACORP from a "hold" rating to a "buy" rating in a research report on Wednesday, April 2nd. Finally, Morgan Stanley raised their target price on shares of IDACORP from $126.00 to $131.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, IDACORP currently has an average rating of "Moderate Buy" and a consensus target price of $120.50.

About IDACORP

IDACORP, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada.