Zacks Research Has Strong Estimate for IDACORP Q3 Earnings

IDACORP, Inc. (NYSE:IDA) – Investment analysts at Zacks Research increased their Q3 2026 EPS estimates for shares of IDACORP in a report released on Wednesday, February 19th. Zacks Research analyst R. Department now forecasts that the energy company will post earnings of $2.44 per share for the quarter, up from their prior estimate of $2.43. The consensus estimate for IDACORP’s current full-year earnings is $5.81 per share.

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

IDACORP Stock Performance

Shares of IDA opened at $113.98 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. The stock has a 50 day moving average price of $109.90 and a two-hundred day moving average price of $108.00. The firm has a market capitalization of $6.07 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.32 and a beta of 0.65. IDACORP has a 52 week low of $86.47 and a 52 week high of $120.42.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, February 20th. The energy company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. The company had revenue of $398.13 million during the quarter, compared to the consensus estimate of $403.21 million. IDACORP had a net margin of 15.83% and a return on equity of 9.23%.

Hedge Funds Weigh In On IDACORP

Several institutional investors have recently added to or reduced their stakes in IDA. Putney Financial Group LLC bought a new position in shares of IDACORP during the 4th quarter valued at approximately $163,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in IDACORP by 9.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 132,822 shares of the energy company’s stock valued at $14,515,000 after purchasing an additional 11,586 shares during the period. Point72 Asset Management L.P. grew its holdings in IDACORP by 285.6% during the fourth quarter. Point72 Asset Management L.P. now owns 55,581 shares of the energy company’s stock valued at $6,074,000 after purchasing an additional 41,167 shares during the period. ProShare Advisors LLC grew its holdings in IDACORP by 7.3% during the fourth quarter. ProShare Advisors LLC now owns 2,492 shares of the energy company’s stock valued at $272,000 after purchasing an additional 170 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in IDACORP by 23.1% during the fourth quarter. Quantinno Capital Management LP now owns 15,450 shares of the energy company’s stock valued at $1,688,000 after purchasing an additional 2,895 shares during the period. Institutional investors own 89.10% of the company’s stock.

IDACORP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 5th will be given a dividend of $0.86 per share. The ex-dividend date is Wednesday, February 5th. This represents a $3.44 annualized dividend and a yield of 3.02%. IDACORP’s payout ratio is currently 62.77%.

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.