Zacks Research Analysts Raise Earnings Estimates for IDACORP

IDACORP, Inc. (NYSE:IDA - Free Report) - Research analysts at Zacks Research lifted their Q3 2025 EPS estimates for shares of IDACORP in a research note issued on Thursday, May 22nd. Zacks Research analyst R. Department now expects that the energy company will post earnings of $2.37 per share for the quarter, up from their prior estimate of $2.30. The consensus estimate for IDACORP's current full-year earnings is $5.81 per share. Zacks Research also issued estimates for IDACORP's FY2025 earnings at $5.81 EPS, Q2 2026 earnings at $1.83 EPS, Q3 2026 earnings at $2.69 EPS and FY2027 earnings at $6.76 EPS.

IDACORP (NYSE:IDA - Get Free Report) last announced its quarterly 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 business had revenue of $432.46 million for the quarter, compared to analysts' expectations of $442.24 million. IDACORP had a net margin of 15.83% and a return on equity of 9.23%. During the same quarter in the previous year, the company earned $0.95 EPS.

Other analysts have also issued reports about the stock. UBS Group increased their price objective on shares of IDACORP from $117.00 to $122.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Morgan Stanley set a $128.00 target price on IDACORP and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Jefferies Financial Group raised shares of IDACORP from a "hold" rating to a "buy" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company lifted their price objective on shares of IDACORP from $121.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, Bank of America lifted their price target on shares of IDACORP from $119.00 to $127.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $123.14.

IDACORP Price Performance

Shares of NYSE:IDA traded up $1.99 during mid-day trading on Monday, reaching $117.56. The stock had a trading volume of 694,193 shares, compared to its average volume of 347,391. The company has a market cap of $6.35 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 2.32 and a beta of 0.59. IDACORP has a 1 year low of $90.64 and a 1 year high of $120.84. The business's 50 day moving average price is $115.93 and its 200 day moving average price is $113.91. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of IDACORP by 98.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company's stock worth $26,000 after buying an additional 120 shares in the last quarter. Elite Financial Inc. purchased a new position in IDACORP in the 1st quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd lifted its position in IDACORP by 621.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 267 shares of the energy company's stock worth $31,000 after buying an additional 230 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in IDACORP during the first quarter worth approximately $34,000. Finally, Independence Bank of Kentucky lifted its position in IDACORP by 123.6% during the fourth quarter. Independence Bank of Kentucky now owns 407 shares of the energy company's stock worth $44,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company's stock.

IDACORP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 5th will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $3.44 annualized dividend and a dividend yield of 2.93%. IDACORP's dividend payout ratio (DPR) is presently 61.10%.

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.