Zacks Research Has Positive Forecast for IDACORP Q2 Earnings

IDACORP, Inc. (NYSE:IDA - Free Report) - Stock analysts at Zacks Research lifted their Q2 2025 earnings per share (EPS) estimates for shares of IDACORP in a research note issued on Wednesday, October 30th. Zacks Research analyst R. Department now expects that the energy company will post earnings per share of $1.61 for the quarter, up from their previous forecast of $1.54. The consensus estimate for IDACORP's current full-year earnings is $5.39 per share. Zacks Research also issued estimates for IDACORP's Q3 2025 earnings at $2.26 EPS and Q1 2026 earnings at $1.10 EPS.

A number of other research analysts also recently weighed in on IDA. Mizuho upgraded IDACORP from a "neutral" rating to an "outperform" rating and raised their price target for the company from $102.00 to $116.00 in a research note on Friday. StockNews.com raised shares of IDACORP from a "sell" rating to a "hold" rating in a research note on Tuesday. Bank of America began coverage on shares of IDACORP in a research report on Thursday, September 12th. They set a "neutral" rating and a $110.00 price target on the stock. Jefferies Financial Group initiated coverage on shares of IDACORP in a research report on Friday, September 20th. They issued a "hold" rating and a $110.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on shares of IDACORP from $106.00 to $109.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $107.67.

IDACORP Stock Up 2.3 %

Shares of IDACORP stock traded up $2.38 during trading hours on Friday, reaching $105.86. 1,243,633 shares of the company's stock were exchanged, compared to its average volume of 342,061. The company has a current ratio of 1.55, a quick ratio of 1.17 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average of $102.92 and a two-hundred day moving average of $98.25. The stock has a market cap of $5.64 billion, a P/E ratio of 19.82, a P/E/G ratio of 3.43 and a beta of 0.60. IDACORP has a fifty-two week low of $86.43 and a fifty-two week high of $109.47.

IDACORP (NYSE:IDA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.05). The business had revenue of $528.53 million for the quarter, compared to the consensus estimate of $524.39 million. IDACORP had a return on equity of 9.16% and a net margin of 15.04%. During the same period in the prior year, the business earned $2.07 earnings per share.

IDACORP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 5th will be given a $0.86 dividend. This is an increase from IDACORP's previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $3.44 annualized dividend and a dividend yield of 3.25%. IDACORP's dividend payout ratio is presently 62.17%.

Institutional Trading of IDACORP

Several hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in IDACORP by 59.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 391,388 shares of the energy company's stock worth $36,356,000 after purchasing an additional 145,316 shares in the last quarter. State of Michigan Retirement System grew its position in IDACORP by 2.5% during the first quarter. State of Michigan Retirement System now owns 12,420 shares of the energy company's stock worth $1,154,000 after buying an additional 300 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in IDACORP by 13.8% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,210 shares of the energy company's stock worth $298,000 after acquiring an additional 390 shares during the period. Commonwealth Equity Services LLC raised its holdings in IDACORP by 6.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 19,127 shares of the energy company's stock valued at $1,777,000 after acquiring an additional 1,185 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of IDACORP by 42.4% during the 1st quarter. BNP Paribas Financial Markets now owns 11,635 shares of the energy company's stock valued at $1,081,000 after acquiring an additional 3,464 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

About IDACORP

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.