IDACORP (NYSE:IDA) Releases FY 2025 Earnings Guidance

IDACORP (NYSE:IDA) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 5.650-5.850 for the period, compared to the consensus estimate of 5.830. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IDA. Mizuho upgraded shares of IDACORP from a “neutral” rating to an “outperform” rating and upped their target price for the company from $102.00 to $116.00 in a research report on Friday, November 1st. Morgan Stanley upped their target price on shares of IDACORP from $110.00 to $121.00 and gave the company 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 target price for the company from $113.00 to $117.00 in a research report on Tuesday, November 5th. Guggenheim upgraded shares of IDACORP from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group cut their price target on shares of IDACORP from $129.00 to $118.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. One research 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 stock currently has an average rating of “Hold” and a consensus price target of $116.20.

IDACORP Stock Up 0.5 %

Shares of NYSE IDA traded up $0.54 during midday trading on Friday, reaching $113.26. The company’s stock had a trading volume of 105,056 shares, compared to its average volume of 282,800. 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 has a fifty-two week low of $86.47 and a fifty-two week high of $120.42. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.29 and a beta of 0.65. The stock has a 50 day simple moving average of $109.88 and a 200-day simple moving average of $107.81.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. IDACORP had a net margin of 15.35% and a return on equity of 9.17%. The company had revenue of $398.13 million for the quarter, compared to the consensus estimate of $403.21 million. Equities research analysts predict that IDACORP will post 5.41 earnings per share for the current year.

IDACORP Dividend Announcement

The firm also recently disclosed 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 3.04%. IDACORP’s dividend payout ratio (DPR) is presently 63.82%.

About IDACORP

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.