IDACORP (NYSE:IDA) Announces Quarterly Earnings Results

IDACORP (NYSE:IDA) posted its quarterly earnings data on Thursday. The energy company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07, Zacks reports. IDACORP had a return on equity of 9.17% and a net margin of 15.35%. The firm had revenue of $398.13 million during the quarter, compared to analysts’ expectations of $403.21 million. IDACORP updated its FY 2025 guidance to 5.650-5.850 EPS.

IDACORP Price Performance

IDACORP stock traded down $0.06 during trading on Friday, reaching $112.66. The company had a trading volume of 39,718 shares, compared to its average volume of 280,550. 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’s 50-day simple moving average is $109.88 and its 200 day simple moving average is $107.81. The firm has a market capitalization of $6.00 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65. IDACORP has a 1-year low of $86.47 and a 1-year high of $120.42.

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 given 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 dividend payout ratio is currently 63.82%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on IDA shares. Morgan Stanley boosted their price target on IDACORP from $110.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. StockNews.com lowered shares of IDACORP from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Guggenheim upgraded IDACORP from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Jefferies Financial Group dropped their price target on IDACORP from $129.00 to $118.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Finally, Bank of America raised IDACORP from a “neutral” rating to a “buy” rating and increased their price objective for the company from $113.00 to $117.00 in a report on Tuesday, November 5th. One equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $116.20.

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.