IDACORP (IDA) Projected to Post Earnings on Thursday

IDACORP (NYSE:IDA - Get Free Report) is expected to post its Q2 2025 quarterly earnings results before the market opens on Thursday, July 31st. Analysts expect IDACORP to post earnings of $1.69 per share and revenue of $478.14 million for the quarter. IDACORP has set its FY 2025 guidance at 5.650-5.850 EPS.

IDACORP (NYSE:IDA - Get Free Report) last issued its earnings results on Thursday, May 1st. The energy company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.03 by $0.07. The company had revenue of $432.46 million during the quarter, compared to analyst estimates of $442.24 million. IDACORP had a return on equity of 9.13% and a net margin of 16.61%. During the same quarter last year, the firm earned $0.95 EPS. On average, analysts expect IDACORP to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

IDACORP Stock Performance

Shares of IDA traded up $0.51 during mid-day trading on Friday, hitting $123.28. The stock had a trading volume of 557,681 shares, compared to its average volume of 421,643. The company has a market cap of $6.66 billion, a PE ratio of 21.90, a PEG ratio of 2.60 and a beta of 0.56. The company's fifty day simple moving average is $116.64 and its two-hundred day simple moving average is $114.75. The company has a quick ratio of 1.44, a current ratio of 1.81 and a debt-to-equity ratio of 1.03. IDACORP has a fifty-two week low of $96.87 and a fifty-two week high of $125.42.

IDACORP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 5th will be given a $0.86 dividend. The ex-dividend date is Tuesday, August 5th. This represents a $3.44 annualized dividend and a dividend yield of 2.79%. IDACORP's payout ratio is 61.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of IDACORP by 79.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company's stock worth $690,000 after buying an additional 2,625 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of IDACORP by 8.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company's stock worth $16,698,000 after buying an additional 10,855 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of IDACORP by 6.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company's stock worth $39,805,000 after buying an additional 21,890 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company's stock.

Analyst Upgrades and Downgrades

IDA has been the subject of a number of analyst reports. Jefferies Financial Group upgraded IDACORP from a "hold" rating to a "buy" rating in a research report on Wednesday, April 2nd. Wall Street Zen upgraded IDACORP from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Wells Fargo & Company boosted their price objective on IDACORP from $121.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Guggenheim boosted their price objective on IDACORP from $121.00 to $126.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, UBS Group restated a "neutral" rating and set a $120.00 price objective (up previously from $118.00) on shares of IDACORP in a research report on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.86.

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.