IDACORP (NYSE:IDA) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

IDACORP (NYSE:IDA) released its quarterly earnings data on Thursday. The energy company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07, Zacks reports. IDACORP had a return on equity of 9.17% and a net margin of 15.35%. IDACORP updated its FY 2025 guidance to 5.650-5.850 EPS.

IDACORP Trading Up 0.7 %

Shares of NYSE:IDA traded up $0.74 during midday trading on Thursday, reaching $112.79. The company’s stock had a trading volume of 195,471 shares, compared to its average volume of 277,434. IDACORP has a fifty-two week low of $86.47 and a fifty-two week high of $120.42. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. The firm has a 50 day moving average price of $109.88 and a two-hundred day moving average price of $107.78. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 2.26 and a beta of 0.65.

IDACORP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.86 per share. The ex-dividend date is Wednesday, February 5th. This represents a $3.44 dividend on an annualized basis and a yield of 3.05%. IDACORP’s payout ratio is currently 63.82%.

Analyst Ratings Changes

Several brokerages recently issued reports on IDA. Guggenheim raised shares of IDACORP from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Bank of America raised shares of IDACORP from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $113.00 to $117.00 in a research note on Tuesday, November 5th. StockNews.com cut IDACORP from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Morgan Stanley boosted their price objective on IDACORP from $110.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group dropped their target price on IDACORP from $129.00 to $118.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, IDACORP currently has a consensus rating of “Hold” and an average price target of $116.20.

IDACORP Company Profile

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.