IDACORP (NYSE:IDA - Get Free Report) issued its earnings results on Thursday. The energy company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07, Zacks reports. The business had revenue of $398.13 million during the quarter, compared to analysts' expectations of $403.21 million. IDACORP had a return on equity of 9.23% and a net margin of 15.83%. IDACORP updated its FY 2025 guidance to 5.650-5.850 EPS.
IDACORP Price Performance
IDA stock traded up $0.24 during midday trading on Monday, reaching $114.44. 320,649 shares of the company's stock traded hands, compared to its average volume of 290,523. IDACORP has a 1-year low of $86.47 and a 1-year high of $120.42. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.32 and a beta of 0.65. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 0.93. The company has a 50-day simple moving average of $109.90 and a two-hundred day simple moving average of $108.00.
IDACORP Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 5th will be given a dividend of $0.86 per share. The ex-dividend date is Wednesday, February 5th. This represents a $3.44 dividend on an annualized basis and a yield of 3.01%. IDACORP's dividend payout ratio (DPR) is presently 62.77%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Mizuho raised shares of IDACORP from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $102.00 to $116.00 in a research note on Friday, November 1st. Bank of America upgraded shares of IDACORP from a "neutral" rating to a "buy" rating and upped their target price for the company from $113.00 to $117.00 in a research note on Tuesday, November 5th. StockNews.com downgraded IDACORP from a "hold" rating to a "sell" rating in a research report on Wednesday, November 6th. Jefferies Financial Group lowered their target price on shares of IDACORP from $129.00 to $118.00 and set a "hold" rating on the stock in a research note on Tuesday, January 28th. Finally, Morgan Stanley lifted their price objective on IDACORP from $110.00 to $121.00 and gave the company an "equal weight" rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, IDACORP currently has an average rating of "Hold" and an average target price of $116.20.
Check Out Our Latest Stock Report on IDACORP
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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