IDACORP (NYSE:IDA) Issues Earnings Results, Beats Estimates By $0.07 EPS

IDACORP (NYSE:IDA) issued its earnings results on Thursday. The energy company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07, Zacks reports. The business had revenue of $398.13 million during the quarter, compared to analysts’ expectations of $403.21 million. IDACORP had a net margin of 15.35% and a return on equity of 9.17%. IDACORP updated its FY 2025 guidance to 5.650-5.850 EPS.

IDACORP Trading Down 0.1 %

NYSE:IDA traded down $0.06 during mid-day trading on Friday, reaching $112.66. The company’s stock had a trading volume of 39,718 shares, compared to its average volume of 280,550. IDACORP has a twelve month low of $86.47 and a twelve month high of $120.42. The company’s fifty day simple moving average is $109.88 and its two-hundred day simple moving average is $107.81. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.34. The stock has a market cap of $6.00 billion, a P/E ratio of 20.90, a P/E/G ratio of 2.29 and a beta of 0.65.

IDACORP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 5th will be paid a $0.86 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $3.44 annualized dividend and a yield of 3.05%. IDACORP’s payout ratio is currently 63.82%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley upped their target price on IDACORP from $110.00 to $121.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Bank of America raised shares of IDACORP from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $113.00 to $117.00 in a research report on Tuesday, November 5th. Mizuho raised shares of IDACORP from a “neutral” rating to an “outperform” rating and upped their target price for the company from $102.00 to $116.00 in a report on Friday, November 1st. Guggenheim upgraded shares of IDACORP from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, IDACORP presently has an average rating of “Hold” and a consensus target price of $116.20.

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.