IDACORP (IDA) Scheduled to Post Earnings on Thursday

IDACORP (NYSE:IDA) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.70 per share for the quarter. IDACORP has set its FY 2019 guidance at $4.30-4.45 EPS and its FY19 guidance at $4.30-4.45 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

IDACORP (NYSE:IDA) last released its quarterly earnings results on Thursday, February 21st. The coal producer reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. The business had revenue of $311.89 million during the quarter, compared to the consensus estimate of $295.43 million. IDACORP had a return on equity of 9.75% and a net margin of 16.55%. During the same quarter in the previous year, the business earned $0.77 EPS. On average, analysts expect IDACORP to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

IDA stock opened at $98.04 on Thursday. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 5.73 and a beta of 0.39. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.31 and a quick ratio of 1.91. IDACORP has a 52-week low of $85.23 and a 52-week high of $102.44.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.52 dividend on an annualized basis and a yield of 2.57%. IDACORP’s dividend payout ratio (DPR) is currently 56.12%.

Separately, Zacks Investment Research upgraded IDACORP from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research note on Thursday, January 10th.

In other news, VP Tessia Park sold 1,150 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $101.50, for a total value of $116,725.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven R. Keen sold 4,346 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $99.32, for a total value of $431,644.72. Following the completion of the transaction, the chief financial officer now owns 11,416 shares in the company, valued at approximately $1,133,837.12. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

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IDACORP Company Profile

IDACORP, Inc, through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon; 3 natural gas-fired plants in southern Idaho; and interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon.

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Earnings History for IDACORP (NYSE:IDA)

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