Avista (AVA) to Release Quarterly Earnings on Wednesday

Avista (NYSE:AVA - Get Free Report) is set to announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Avista has set its FY24 guidance at $2.36-2.56 EPS and its FY 2024 guidance at 2.360-2.560 EPS.Parties interested in participating in the company's conference call can do so using this link.

Avista (NYSE:AVA - Get Free Report) last released its earnings results on Wednesday, August 7th. The utilities provider reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.07. Avista had a return on equity of 7.77% and a net margin of 10.12%. The firm had revenue of $390.80 million during the quarter, compared to the consensus estimate of $386.69 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts expect Avista to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Avista Price Performance

Shares of AVA traded down $0.10 during midday trading on Wednesday, reaching $37.59. The stock had a trading volume of 402,187 shares, compared to its average volume of 512,017. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.88 and a quick ratio of 0.60. The company has a market capitalization of $2.96 billion, a P/E ratio of 15.26, a P/E/G ratio of 3.26 and a beta of 0.47. The firm's 50 day moving average price is $38.29 and its 200-day moving average price is $37.07. Avista has a 52 week low of $31.57 and a 52 week high of $39.99.

Avista Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 22nd were given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend was Thursday, August 22nd. Avista's dividend payout ratio (DPR) is presently 76.92%.

Analyst Ratings Changes

Separately, Bank of America started coverage on shares of Avista in a research note on Thursday, September 12th. They issued an "underperform" rating and a $37.00 price objective on the stock.

Insider Transactions at Avista

In other news, VP David J. Meyer sold 2,400 shares of the company's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $38.32, for a total transaction of $91,968.00. Following the completion of the sale, the vice president now directly owns 5,436 shares of the company's stock, valued at $208,307.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.96% of the company's stock.

Avista Company Profile

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.