IDACORP (NYSE:IDA - Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 5.250-5.450 for the period, compared to the consensus earnings per share estimate of 5.390. The company issued revenue guidance of -.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. TheStreet downgraded shares of IDACORP from a b- rating to a c+ rating in a research note on Thursday, February 15th. Wells Fargo & Company lifted their target price on IDACORP from $94.00 to $98.00 and gave the company an equal weight rating in a report on Friday. Guggenheim lowered IDACORP from a buy rating to a neutral rating and set a $93.00 price target for the company. in a research note on Monday, January 22nd. StockNews.com raised IDACORP to a sell rating in a research note on Friday, April 26th. Finally, Morgan Stanley increased their target price on shares of IDACORP from $92.00 to $95.00 and gave the stock an equal weight rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, IDACORP currently has an average rating of Hold and an average target price of $94.60.
View Our Latest Stock Analysis on IDA
IDACORP Stock Up 0.9 %
Shares of NYSE:IDA traded up $0.87 during mid-day trading on Friday, hitting $96.22. 480,824 shares of the company traded hands, compared to its average volume of 377,940. The firm's 50 day simple moving average is $91.33 and its 200 day simple moving average is $93.99. The firm has a market cap of $4.88 billion, a P/E ratio of 18.72 and a beta of 0.55. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.33 and a current ratio of 1.58. IDACORP has a 52-week low of $86.43 and a 52-week high of $112.64.
IDACORP (NYSE:IDA - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.06). The firm had revenue of $448.94 million for the quarter, compared to analysts' expectations of $441.21 million. IDACORP had a net margin of 14.79% and a return on equity of 9.06%. During the same quarter in the prior year, the business earned $1.11 EPS. On average, equities analysts anticipate that IDACORP will post 5.32 EPS for the current year.
IDACORP Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 6th will be given a $0.83 dividend. The ex-dividend date is Friday, May 3rd. This represents a $3.32 dividend on an annualized basis and a yield of 3.45%. IDACORP's payout ratio is currently 64.59%.
About IDACORP
(
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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.
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