FY2025 EPS Estimates for IDACORP Increased by Zacks Research

IDACORP, Inc. (NYSE:IDA - Free Report) - Research analysts at Zacks Research increased their FY2025 earnings per share estimates for IDACORP in a research report issued on Wednesday, October 30th. Zacks Research analyst R. Department now expects that the energy company will post earnings of $5.78 per share for the year, up from their previous estimate of $5.76. The consensus estimate for IDACORP's current full-year earnings is $5.38 per share. Zacks Research also issued estimates for IDACORP's Q2 2026 earnings at $1.61 EPS, Q3 2026 earnings at $2.37 EPS and FY2026 earnings at $6.06 EPS.

Other research analysts have also issued research reports about the company. StockNews.com upgraded IDACORP from a "sell" rating to a "hold" rating in a research report on Tuesday. Morgan Stanley lifted their price target on IDACORP from $102.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Jefferies Financial Group started coverage on IDACORP in a research report on Friday, September 20th. They issued a "hold" rating and a $110.00 price target for the company. Bank of America started coverage on IDACORP in a research report on Thursday, September 12th. They issued a "neutral" rating and a $110.00 price target for the company. Finally, Wells Fargo & Company lifted their price target on IDACORP from $106.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, IDACORP currently has an average rating of "Hold" and a consensus target price of $104.83.

IDACORP Trading Up 1.3 %

IDA traded up $1.32 on Thursday, hitting $103.48. The company had a trading volume of 522,147 shares, compared to its average volume of 337,789. The company has a market cap of $5.51 billion, a PE ratio of 19.38, a PEG ratio of 3.49 and a beta of 0.60. IDACORP has a 12-month low of $86.43 and a 12-month high of $105.25. The company has a quick ratio of 1.17, a current ratio of 1.55 and a debt-to-equity ratio of 0.87. The business's fifty day simple moving average is $102.81 and its 200 day simple moving average is $98.11.

IDACORP (NYSE:IDA - Get Free Report) last issued its earnings results on Thursday, August 1st. The energy company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.34. IDACORP had a return on equity of 9.16% and a net margin of 15.04%. The firm had revenue of $451.04 million for the quarter, compared to analysts' expectations of $420.56 million. During the same period in the previous year, the firm posted $1.35 earnings per share.

IDACORP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Tuesday, November 5th. This is a positive change from IDACORP's previous quarterly dividend of $0.83. IDACORP's payout ratio is 64.42%.

Institutional Trading of IDACORP

A number of large investors have recently modified their holdings of the company. Trust Point Inc. boosted its holdings in shares of IDACORP by 1.4% in the third quarter. Trust Point Inc. now owns 7,374 shares of the energy company's stock valued at $760,000 after purchasing an additional 101 shares during the period. Pitcairn Co. boosted its holdings in shares of IDACORP by 2.4% in the first quarter. Pitcairn Co. now owns 4,332 shares of the energy company's stock valued at $402,000 after purchasing an additional 103 shares during the period. Blue Trust Inc. raised its stake in IDACORP by 7.5% in the third quarter. Blue Trust Inc. now owns 1,523 shares of the energy company's stock worth $157,000 after buying an additional 106 shares in the last quarter. Raymond James Trust N.A. raised its stake in IDACORP by 1.7% in the second quarter. Raymond James Trust N.A. now owns 6,411 shares of the energy company's stock worth $597,000 after buying an additional 107 shares in the last quarter. Finally, Fortem Financial Group LLC raised its stake in IDACORP by 1.2% in the second quarter. Fortem Financial Group LLC now owns 9,301 shares of the energy company's stock worth $866,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company's stock.

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.