IDACORP (IDA) Projected to Post Earnings on Thursday

IDACORP (NYSE:IDA - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect IDACORP to post earnings of $0.63 per share and revenue of $403.21 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

IDACORP Stock Down 1.6 %

Shares of IDA stock traded down $1.83 on Friday, reaching $109.70. 219,169 shares of the company's stock traded hands, compared to its average volume of 280,309. IDACORP has a 12-month low of $86.47 and a 12-month high of $120.42. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. The company has a market capitalization of $5.84 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 2.28 and a beta of 0.65. The business's 50 day moving average price is $110.03 and its two-hundred day moving average price is $107.65.

IDACORP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th will be paid a $0.86 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $3.44 dividend on an annualized basis and a yield of 3.14%. IDACORP's dividend payout ratio (DPR) is currently 63.82%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Morgan Stanley boosted their target price on IDACORP from $110.00 to $121.00 and gave the company an "equal weight" rating in a research note on Friday, December 13th. Guggenheim upgraded IDACORP from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. StockNews.com downgraded IDACORP from a "hold" rating to a "sell" rating in a research note on Wednesday, November 6th. Jefferies Financial Group lowered their target price on IDACORP from $129.00 to $118.00 and set a "hold" rating on the stock in a research note on Tuesday, January 28th. Finally, Mizuho upgraded IDACORP from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $102.00 to $116.00 in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, IDACORP has a consensus rating of "Hold" and an average price target of $116.20.

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.