Zacks Research Issues Positive Estimate for IDACORP Earnings

IDACORP, Inc. (NYSE:IDA) – Research analysts at Zacks Research boosted their Q2 2025 earnings per share (EPS) estimates for shares of IDACORP in a note issued to investors on Thursday, December 5th. Zacks Research analyst R. Department now anticipates that the energy company will post earnings of $1.67 per share for the quarter, up from their prior forecast of $1.63. The consensus estimate for IDACORP’s current full-year earnings is $5.41 per share. Zacks Research also issued estimates for IDACORP’s FY2025 earnings at $5.82 EPS, Q2 2026 earnings at $1.59 EPS and Q3 2026 earnings at $2.47 EPS.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.05). IDACORP had a return on equity of 9.17% and a net margin of 15.35%. The business had revenue of $528.53 million during the quarter, compared to analysts’ expectations of $524.39 million. During the same period in the previous year, the business posted $2.07 EPS.

IDA has been the topic of several other reports. Bank of America upgraded IDACORP from a “neutral” rating to a “buy” rating and lifted their target price for the company from $113.00 to $117.00 in a research report on Tuesday, November 5th. Morgan Stanley lifted their price objective on IDACORP from $102.00 to $108.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. StockNews.com downgraded IDACORP from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Jefferies Financial Group began coverage on shares of IDACORP in a research note on Friday, September 20th. They set a “hold” rating and a $110.00 target price on the stock. Finally, Wells Fargo & Company upped their price target 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 analyst has rated the stock with a sell rating, four have given a hold rating and two have 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 an average price target of $108.83.

IDACORP Trading Down 0.8 %

Shares of IDA stock opened at $115.12 on Monday. 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 company has a market cap of $6.13 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.58 and a beta of 0.64. IDACORP has a 1 year low of $86.43 and a 1 year high of $120.42. The firm has a fifty day moving average price of $109.58 and a 200-day moving average price of $101.89.

Institutional Investors Weigh In On IDACORP

Several institutional investors and hedge funds have recently modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new position in IDACORP during the third quarter valued at $25,000. V Square Quantitative Management LLC bought a new position in shares of IDACORP during the 3rd quarter valued at about $26,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of IDACORP during the second quarter valued at about $35,000. Avior Wealth Management LLC increased its holdings in shares of IDACORP by 35.9% in the third quarter. Avior Wealth Management LLC now owns 443 shares of the energy company’s stock worth $46,000 after purchasing an additional 117 shares during the last quarter. Finally, Eastern Bank bought a new stake in shares of IDACORP in the third quarter worth about $52,000. Institutional investors own 89.10% of the company’s stock.

IDACORP Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.86 per share. This is a positive change from IDACORP’s previous quarterly dividend of $0.83. This represents a $3.44 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Tuesday, November 5th. IDACORP’s dividend payout ratio (DPR) is 63.82%.

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.