Avista (NYSE:AVA) Releases Earnings Results, Misses Estimates By $0.02 EPS

Avista (NYSE:AVA - Get Free Report) released its quarterly earnings results on Wednesday. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.02), Zacks reports. The firm had revenue of $517.00 million during the quarter, compared to the consensus estimate of $487.48 million. Avista had a net margin of 10.24% and a return on equity of 7.83%. Avista updated its FY 2025 guidance to 2.520-2.720 EPS.

Avista Price Performance

Shares of NYSE:AVA traded up $0.03 during trading on Friday, reaching $39.92. 1,052,590 shares of the company traded hands, compared to its average volume of 503,310. The company's 50 day moving average is $36.90 and its two-hundred day moving average is $37.60. The firm has a market capitalization of $3.16 billion, a PE ratio of 15.90, a PEG ratio of 2.56 and a beta of 0.49. The company has a quick ratio of 0.48, a current ratio of 0.75 and a debt-to-equity ratio of 1.05. Avista has a 52 week low of $32.70 and a 52 week high of $40.21.

Avista Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.91%. This is an increase from Avista's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Wednesday, February 26th. Avista's dividend payout ratio is presently 78.09%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut their target price on Avista from $40.00 to $39.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th.

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About Avista

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.