Avista (AVA) to Release Quarterly Earnings on Wednesday

Avista (NYSE:AVA) is expected to be announcing its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.86 per share and revenue of $487.48 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Avista Stock Performance

Avista stock opened at $37.08 on Wednesday. The company has a market cap of $2.94 billion, a PE ratio of 14.77, a P/E/G ratio of 2.76 and a beta of 0.49. The company has a fifty day moving average price of $36.52 and a two-hundred day moving average price of $37.57. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.48. Avista has a 12 month low of $32.70 and a 12 month high of $39.99.

Avista Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, February 26th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date is Wednesday, February 26th. This is an increase from Avista’s previous quarterly dividend of $0.48. Avista’s payout ratio is currently 75.70%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reduced their price target on shares of Avista from $40.00 to $39.00 and set a “hold” rating for the company in a report on Tuesday, January 28th.

About Avista

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.