IDACORP (NYSE:IDA) Releases FY 2025 Earnings Guidance

Key Points

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IDACORP (NYSE:IDA - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 5.700-5.850 for the period, compared to the consensus EPS estimate of 5.815. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of IDACORP from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. UBS Group reiterated a "neutral" rating and issued a $120.00 price objective (up from $118.00) on shares of IDACORP in a research report on Friday, July 11th. Morgan Stanley set a $128.00 price objective on shares of IDACORP and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Wells Fargo & Company lifted their price objective on shares of IDACORP from $121.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, Guggenheim lifted their price objective on shares of IDACORP from $121.00 to $126.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, IDACORP has an average rating of "Moderate Buy" and a consensus target price of $122.86.

IDACORP Price Performance

IDACORP stock traded up $1.96 during midday trading on Monday, reaching $126.30. The company's stock had a trading volume of 17,648 shares, compared to its average volume of 421,495. IDACORP has a fifty-two week low of $99.75 and a fifty-two week high of $126.33. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.12 and a current ratio of 1.45. The stock's 50 day simple moving average is $117.33 and its 200 day simple moving average is $115.36. The firm has a market capitalization of $6.82 billion, a PE ratio of 22.26, a P/E/G ratio of 2.63 and a beta of 0.56.

IDACORP (NYSE:IDA - Get Free Report) last released its earnings results on Thursday, July 31st. The energy company reported $1.76 EPS for the quarter, meeting analysts' consensus estimates of $1.76. IDACORP had a return on equity of 9.18% and a net margin of 16.96%. The company had revenue of $531.10 million during the quarter, compared to the consensus estimate of $478.14 million. During the same quarter last year, the company earned $1.71 earnings per share. On average, equities research analysts forecast that IDACORP will post 5.81 earnings per share for the current year.

IDACORP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 5th will be issued a $0.86 dividend. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $3.44 dividend on an annualized basis and a yield of 2.7%. IDACORP's dividend payout ratio (DPR) is 60.56%.

Institutional Investors Weigh In On IDACORP

A number of hedge funds and other institutional investors have recently bought and sold shares of IDA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in IDACORP by 79.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company's stock valued at $690,000 after acquiring an additional 2,625 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of IDACORP by 6.8% during 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 during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of IDACORP by 8.2% during 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 during the last quarter. Institutional investors and hedge funds own 89.10% of the company's stock.

IDACORP Company Profile

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.