IDACORP, Inc. (NYSE:IDA - Free Report) - Stock analysts at Zacks Research lowered their Q2 2025 earnings per share estimates for shares of IDACORP in a research note issued to investors on Thursday, March 13th. Zacks Research analyst R. Department now forecasts that the energy company will post earnings of $1.65 per share for the quarter, down from their prior forecast of $1.70. The consensus estimate for IDACORP's current full-year earnings is $5.81 per share. Zacks Research also issued estimates for IDACORP's Q3 2025 earnings at $2.30 EPS, Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $5.83 EPS, Q2 2026 earnings at $1.74 EPS, Q3 2026 earnings at $2.59 EPS and FY2026 earnings at $6.46 EPS.
IDACORP (NYSE:IDA - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.07. IDACORP had a return on equity of 9.23% and a net margin of 15.83%. The company had revenue of $398.13 million for the quarter, compared to the consensus estimate of $403.21 million.
IDA has been the topic of several other reports. Bank of America increased their target price on IDACORP from $119.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Morgan Stanley raised their target price on IDACORP from $126.00 to $131.00 and gave the stock an "equal weight" rating in a report on Thursday. Guggenheim raised IDACORP from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Jefferies Financial Group dropped their price target on IDACORP from $129.00 to $118.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $120.20.
Read Our Latest Report on IDA
IDACORP Stock Down 0.4 %
Shares of IDA traded down $0.50 during mid-day trading on Monday, reaching $116.26. The company had a trading volume of 84,948 shares, compared to its average volume of 314,345. 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 firm has a 50-day moving average price of $111.95 and a 200 day moving average price of $109.66. IDACORP has a 52 week low of $88.70 and a 52 week high of $120.42. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 2.32 and a beta of 0.59.
IDACORP Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Wednesday, February 5th. IDACORP's dividend payout ratio is presently 62.77%.
Hedge Funds Weigh In On IDACORP
A number of large investors have recently bought and sold shares of IDA. Wellington Management Group LLP raised its stake in IDACORP by 43.3% in the fourth quarter. Wellington Management Group LLP now owns 3,424,956 shares of the energy company's stock worth $374,279,000 after buying an additional 1,035,133 shares in the last quarter. Reaves W H & Co. Inc. increased its position in shares of IDACORP by 75.4% during the fourth quarter. Reaves W H & Co. Inc. now owns 998,383 shares of the energy company's stock worth $109,103,000 after purchasing an additional 429,276 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of IDACORP during the fourth quarter worth $37,104,000. Ameriprise Financial Inc. increased its position in shares of IDACORP by 596.7% during the fourth quarter. Ameriprise Financial Inc. now owns 379,312 shares of the energy company's stock worth $41,451,000 after purchasing an additional 324,866 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in shares of IDACORP by 9.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,909,695 shares of the energy company's stock worth $208,692,000 after purchasing an additional 166,864 shares in the last quarter. Institutional investors own 89.10% of the company's stock.
IDACORP Company Profile
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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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