Avista (NYSE:AVA) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.77-1.97 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.98.
Several analysts recently commented on the company. Guggenheim restated a hold rating and issued a $40.00 target price on shares of Avista in a research report on Friday, December 7th. Williams Capital upgraded Avista from a sell rating to a hold rating and raised their target price for the company from $40.00 to $41.00 in a research report on Friday, January 4th. ValuEngine lowered Avista from a buy rating to a hold rating in a research note on Friday, January 11th. Zacks Investment Research lowered Avista from a hold rating to a sell rating in a research note on Wednesday, February 6th. Finally, TheStreet lowered Avista from a b- rating to a c+ rating in a research note on Thursday, January 24th. Four equities research analysts have rated the stock with a hold rating, The company presently has an average rating of Hold and an average target price of $39.50.
NYSE AVA traded down $0.80 on Tuesday, reaching $40.67. 724,851 shares of the stock traded hands, compared to its average volume of 870,981. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.44 and a current ratio of 0.54. The firm has a market cap of $2.72 billion, a P/E ratio of 19.27 and a beta of 0.38. Avista has a 12 month low of $39.75 and a 12 month high of $52.91.
Avista (NYSE:AVA) last issued its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.10. The firm had revenue of $372.22 million during the quarter. Avista had a return on equity of 7.79% and a net margin of 9.77%. On average, research analysts predict that Avista will post 2.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 22nd were paid a dividend of $0.3875 per share. This is a positive change from Avista’s previous quarterly dividend of $0.37. This represents a $1.55 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Thursday, February 21st. Avista’s dividend payout ratio (DPR) is presently 73.46%.
In other news, SVP Jason R. Thackston sold 2,875 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $40.04, for a total transaction of $115,115.00. Following the completion of the sale, the senior vice president now directly owns 27,327 shares of the company’s stock, valued at approximately $1,094,173.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David J. Meyer sold 1,437 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $41.34, for a total value of $59,405.58. Following the sale, the vice president now directly owns 2,396 shares of the company’s stock, valued at $99,050.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,636 shares of company stock valued at $2,070,250. 1.10% of the stock is currently owned by corporate insiders.
Avista Corporation operates as an electric and natural gas utility company. It operates through 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.
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