Avista (AVA) to Release Quarterly Earnings on Wednesday

Avista (NYSE:AVA) will likely be announcing its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.86 per share and revenue of $487.48 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Avista Stock Up 0.8 %

NYSE:AVA opened at $38.26 on Tuesday. The stock’s fifty day moving average price is $36.62 and its two-hundred day moving average price is $37.55. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.48 and a current ratio of 0.75. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 2.53 and a beta of 0.49. Avista has a 52-week low of $32.70 and a 52-week high of $39.99.

Avista Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Wednesday, February 26th will be paid a $0.49 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.12%. This is an increase from Avista’s previous quarterly dividend of $0.48. Avista’s dividend payout ratio is 75.70%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut their price target on Avista from $40.00 to $39.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th.

About Avista

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.