IDACORP (IDA) Projected to Post Earnings on Thursday

IDACORP (NYSE:IDA) will likely be releasing its earnings data before the market opens on Thursday, February 20th. Analysts expect IDACORP to post earnings of $0.63 per share and revenue of $403.21 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

IDACORP Price Performance

Shares of NYSE:IDA opened at $111.41 on Thursday. The firm has a 50 day moving average of $110.22 and a 200-day moving average of $107.41. The stock has a market capitalization of $5.93 billion, a PE ratio of 20.67, a PEG ratio of 2.28 and a beta of 0.65. IDACORP has a 12 month low of $86.43 and a 12 month high of $120.42. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.93.

IDACORP Announces Dividend

The business also recently disclosed 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. This represents a $3.44 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Wednesday, February 5th. IDACORP’s dividend payout ratio is 63.82%.

Analyst Ratings Changes

A number of research firms recently issued reports on IDA. Morgan Stanley upped their price objective on shares of IDACORP from $110.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Bank of America upgraded shares of IDACORP from a “neutral” rating to a “buy” rating and upped their price target for the company from $113.00 to $117.00 in a research report on Tuesday, November 5th. Wells Fargo & Company upped their price target on shares of IDACORP from $106.00 to $109.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group decreased their price target on shares of IDACORP from $129.00 to $118.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Finally, Mizuho upgraded shares of IDACORP from a “neutral” rating to an “outperform” rating and upped their price target for the company from $102.00 to $116.00 in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus 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.