Zacks Research Estimates IDACORP's Q1 Earnings (NYSE:IDA)

IDACORP, Inc. (NYSE:IDA - Free Report) - Analysts at Zacks Research decreased their Q1 2025 earnings estimates for shares of IDACORP in a report issued on Thursday, November 21st. Zacks Research analyst R. Department now expects that the energy company will earn $1.04 per share for the quarter, down from their previous estimate of $1.06. The consensus estimate for IDACORP's current full-year earnings is $5.42 per share. Zacks Research also issued estimates for IDACORP's Q2 2025 earnings at $1.63 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $5.81 EPS, Q3 2026 earnings at $2.45 EPS and FY2026 earnings at $6.20 EPS.

IDACORP (NYSE:IDA - Get Free Report) last issued its earnings results on Thursday, October 31st. The energy company reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.05). IDACORP had a net margin of 15.35% and a return on equity of 9.17%. The company had revenue of $528.53 million during the quarter, compared to analyst estimates of $524.39 million. During the same quarter in the previous year, the company posted $2.07 EPS.

IDA has been the subject of a number of other research reports. StockNews.com cut shares of IDACORP from a "hold" rating to a "sell" rating in a research note on Wednesday, November 6th. Morgan Stanley upped their price objective on shares of IDACORP from $102.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Bank of America upgraded shares of IDACORP from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $113.00 to $117.00 in a research report on Tuesday, November 5th. Mizuho upgraded shares of IDACORP from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $102.00 to $116.00 in a research report on Friday, November 1st. Finally, Wells Fargo & Company upped their price objective on shares of IDACORP from $106.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $108.83.

IDACORP Stock Up 0.0 %

Shares of IDACORP stock traded up $0.04 during trading hours on Monday, hitting $118.95. The company had a trading volume of 467,066 shares, compared to its average volume of 349,834. The company has a market cap of $6.34 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.64 and a beta of 0.60. The company's 50-day moving average is $107.00 and its two-hundred day moving average is $100.68. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.34. IDACORP has a twelve month low of $86.43 and a twelve month high of $120.42.

IDACORP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 5th will be paid a dividend of $0.86 per share. This is a boost from IDACORP's previous quarterly dividend of $0.83. This represents a $3.44 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Tuesday, November 5th. IDACORP's dividend payout ratio (DPR) is currently 63.82%.

Institutional Investors Weigh In On IDACORP

Several hedge funds have recently modified their holdings of IDA. Legacy Investment Solutions LLC purchased a new stake in shares of IDACORP during the third quarter valued at approximately $25,000. V Square Quantitative Management LLC acquired a new position in IDACORP in the third quarter worth $26,000. Rise Advisors LLC boosted its holdings in IDACORP by 65.8% in the second quarter. Rise Advisors LLC now owns 368 shares of the energy company's stock worth $34,000 after purchasing an additional 146 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in IDACORP in the second quarter worth $35,000. Finally, Avior Wealth Management LLC boosted its holdings in shares of IDACORP by 35.9% during the third quarter. Avior Wealth Management LLC now owns 443 shares of the energy company's stock valued at $46,000 after acquiring an additional 117 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.