IDACORP (NYSE:IDA) Releases Quarterly Earnings Results

IDACORP (NYSE:IDAGet Free Report) issued its quarterly earnings data on Thursday. The energy company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.05, Zacks reports. The company had revenue of $405.24 million for the quarter, compared to analyst estimates of $533.06 million. IDACORP had a net margin of 17.59% and a return on equity of 9.35%. During the same period in the prior year, the firm earned $0.70 earnings per share. IDACORP updated its FY 2026 guidance to 6.250-6.450 EPS.

IDACORP Stock Performance

IDA stock traded down $0.77 during mid-day trading on Thursday, hitting $140.98. The company had a trading volume of 77,009 shares, compared to its average volume of 489,173. The stock’s fifty day moving average price is $131.55 and its two-hundred day moving average price is $129.76. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.82 and a current ratio of 1.09. IDACORP has a 12 month low of $108.15 and a 12 month high of $145.94. The firm has a market cap of $7.62 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.78 and a beta of 0.59.

IDACORP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 5th will be given a dividend of $0.88 per share. The ex-dividend date is Thursday, February 5th. This represents a $3.52 annualized dividend and a yield of 2.5%. IDACORP’s dividend payout ratio is presently 60.48%.

Institutional Trading of IDACORP

Several hedge funds have recently made changes to their positions in IDA. Caitong International Asset Management Co. Ltd lifted its holdings in IDACORP by 630.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after purchasing an additional 189 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of IDACORP in the 3rd quarter valued at about $34,000. Los Angeles Capital Management LLC bought a new stake in shares of IDACORP during the 4th quarter worth $35,000. Smartleaf Asset Management LLC boosted its holdings in shares of IDACORP by 62.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock worth $36,000 after purchasing an additional 119 shares in the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in IDACORP during the fourth quarter valued at approximately $45,000. 89.10% of the stock is currently owned by institutional investors.

IDACORP News Summary

Here are the key news stories impacting IDACORP this week:

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Morgan Stanley decreased their target price on IDACORP from $146.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, February 2nd. Mizuho increased their price objective on IDACORP from $129.00 to $144.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. BTIG Research reissued a “buy” rating and set a $156.00 target price on shares of IDACORP in a report on Friday, January 30th. Jefferies Financial Group decreased their price target on shares of IDACORP from $152.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, UBS Group lowered their price target on shares of IDACORP from $135.00 to $129.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.67.

Get Our Latest Stock Report on IDACORP

IDACORP Company Profile

(Get Free Report)

IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.

Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.

Recommended Stories

Earnings History for IDACORP (NYSE:IDA)

Receive News & Ratings for IDACORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDACORP and related companies with MarketBeat.com's FREE daily email newsletter.