IDACORP (IDA) Projected to Post Quarterly Earnings on Thursday

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

IDACORP Price Performance

IDA opened at $110.47 on Wednesday. The stock has a fifty day moving average of $109.90 and a 200-day moving average of $107.75. The firm has a market capitalization of $5.88 billion, a P/E ratio of 20.49, a PEG ratio of 2.28 and a beta of 0.65. IDACORP has a 12-month low of $86.47 and a 12-month high of $120.42. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 0.93.

IDACORP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th will be issued a $0.86 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.11%. IDACORP’s payout ratio is currently 63.82%.

Wall Street Analyst Weigh In

IDA has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their target price on IDACORP from $129.00 to $118.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Mizuho upgraded IDACORP from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $102.00 to $116.00 in a report on Friday, November 1st. Bank of America upgraded IDACORP from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $113.00 to $117.00 in a report on Tuesday, November 5th. StockNews.com lowered IDACORP from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley increased their price objective on IDACORP from $110.00 to $121.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.