IDACORP (NYSE:IDA) Releases FY 2026 Earnings Guidance

IDACORP (NYSE:IDA) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 6.300-6.450 for the period, compared to the consensus estimate of 6.390. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

IDA has been the topic of a number of research analyst reports. Wells Fargo & Company raised IDACORP from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $121.00 to $154.00 in a report on Tuesday, July 21st. Mizuho set a $157.00 price target on shares of IDACORP in a research report on Friday, May 1st. Wall Street Zen raised IDACORP from a “strong sell” rating to a “sell” rating in a report on Saturday, July 25th. Barclays increased their price objective on IDACORP from $159.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, BTIG Research restated a “buy” rating and issued a $160.00 target price on shares of IDACORP in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $155.14.

IDACORP Stock Down 1.5%

NYSE:IDA traded down $2.19 during trading hours on Thursday, hitting $142.21. 423,893 shares of the company’s stock traded hands, compared to its average volume of 520,206. The stock’s fifty day moving average price is $145.60 and its two-hundred day moving average price is $142.34. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 1.21. The firm has a market cap of $7.88 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.96 and a beta of 0.48. IDACORP has a twelve month low of $122.30 and a twelve month high of $154.91.

IDACORP (NYSE:IDA) last posted its quarterly earnings results on Thursday, July 30th. The energy company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.78 by $0.01. IDACORP had a net margin of 18.60% and a return on equity of 9.40%. The business had revenue of $469.80 million during the quarter, compared to analysts’ expectations of $511.87 million. During the same period last year, the company posted $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. On average, research analysts expect that IDACORP will post 6.39 earnings per share for the current fiscal year.

IDACORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 5th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 5th. IDACORP’s dividend payout ratio (DPR) is presently 58.57%.

Insider Transactions at IDACORP

In other IDACORP news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $140.95, for a total value of $211,425.00. Following the completion of the sale, the vice president directly owned 2,138 shares in the company, valued at $301,351.10. The trade was a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its holdings in IDACORP by 630.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after purchasing an additional 189 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in IDACORP during the third quarter valued at about $34,000. Los Angeles Capital Management LLC bought a new position in IDACORP during the fourth quarter valued at about $35,000. Smartleaf Asset Management LLC lifted its position in shares of IDACORP by 62.0% in the second quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock worth $36,000 after buying an additional 119 shares during the last quarter. Finally, Osterweis Capital Management Inc. bought a new stake in shares of IDACORP during the 4th quarter worth about $45,000. Institutional investors own 89.10% of the company’s stock.

IDACORP Company Profile

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.