Zacks Research Equities Analysts Boost Earnings Estimates for IDACORP, Inc. (NYSE:IDA)

IDACORP, Inc. (NYSE:IDA) – Equities researchers at Zacks Research raised their Q3 2025 EPS estimates for IDACORP in a report released on Thursday, September 19th. Zacks Research analyst R. Department now anticipates that the energy company will post earnings of $2.31 per share for the quarter, up from their prior estimate of $2.29. The consensus estimate for IDACORP’s current full-year earnings is $5.41 per share. Zacks Research also issued estimates for IDACORP’s Q4 2025 earnings at $0.81 EPS, FY2025 earnings at $5.75 EPS and FY2026 earnings at $5.94 EPS.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company increased their price objective on shares of IDACORP from $98.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Morgan Stanley increased their price target on shares of IDACORP from $94.00 to $102.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Jefferies Financial Group started 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, Bank of America began coverage on IDACORP in a research report on Thursday, September 12th. They issued a “neutral” rating and a $110.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $102.71.

IDACORP Stock Performance

Shares of NYSE:IDA opened at $102.67 on Monday. The business has a fifty day moving average of $101.16 and a 200-day moving average of $96.06. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.17 and a current ratio of 1.55. IDACORP has a twelve month low of $86.43 and a twelve month high of $105.24. The firm has a market cap of $5.47 billion, a PE ratio of 20.62 and a beta of 0.60.

IDACORP (NYSE:IDA) last released its quarterly earnings results on Thursday, August 1st. The energy company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.34. The firm had revenue of $451.04 million during the quarter, compared to analysts’ expectations of $420.56 million. IDACORP had a return on equity of 9.16% and a net margin of 15.04%. During the same period last year, the firm posted $1.35 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in IDACORP by 50.3% in the fourth quarter. Wellington Management Group LLP now owns 1,634,463 shares of the energy company’s stock valued at $160,700,000 after buying an additional 546,818 shares during the period. Victory Capital Management Inc. raised its position in shares of IDACORP by 1.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,445,991 shares of the energy company’s stock valued at $134,694,000 after acquiring an additional 23,925 shares during the period. Nuance Investments LLC boosted its stake in IDACORP by 19.0% during the 2nd quarter. Nuance Investments LLC now owns 1,114,475 shares of the energy company’s stock worth $103,813,000 after acquiring an additional 178,294 shares during the last quarter. First Trust Advisors LP grew its holdings in IDACORP by 0.9% during the fourth quarter. First Trust Advisors LP now owns 761,621 shares of the energy company’s stock valued at $74,883,000 after purchasing an additional 7,008 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in IDACORP by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 693,327 shares of the energy company’s stock valued at $64,583,000 after purchasing an additional 47,527 shares in the last quarter. 89.10% of the stock is currently owned by institutional investors.

IDACORP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 5th were paid a $0.83 dividend. The ex-dividend date was Monday, August 5th. This represents a $3.32 dividend on an annualized basis and a yield of 3.23%. IDACORP’s payout ratio is presently 66.67%.

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.