IDACORP (NYSE:IDA) Updates FY 2019 Earnings Guidance

IDACORP (NYSE:IDA) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.35-4.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.46. IDACORP also updated its FY19 guidance to $4.35-4.50 EPS.

Shares of NYSE:IDA traded down $0.19 during mid-day trading on Friday, reaching $102.84. The stock had a trading volume of 250,820 shares, compared to its average volume of 322,466. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.72 and a current ratio of 2.11. The firm has a market cap of $5.23 billion, a P/E ratio of 22.90, a P/E/G ratio of 6.10 and a beta of 0.29. IDACORP has a 1 year low of $89.31 and a 1 year high of $106.13. The business has a 50 day moving average of $103.13.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, August 1st. The coal producer reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.12). The firm had revenue of $316.90 million during the quarter, compared to analysts’ expectations of $327.38 million. IDACORP had a return on equity of 9.43% and a net margin of 16.16%. During the same quarter in the prior year, the firm posted $1.23 earnings per share. As a group, equities research analysts anticipate that IDACORP will post 4.47 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 5th will be given a $0.63 dividend. The ex-dividend date is Friday, August 2nd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.45%. IDACORP’s dividend payout ratio is currently 56.12%.

IDA has been the topic of a number of research analyst reports. Zacks Investment Research downgraded IDACORP from a hold rating to a sell rating and set a $108.00 target price on the stock. in a research report on Friday, July 26th. ValuEngine upgraded IDACORP from a hold rating to a buy rating in a research report on Monday, May 13th.

In related news, VP Tessia Park sold 280 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $103.29, for a total value of $28,921.20. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by insiders.


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 and Estimates for IDACORP (NYSE:IDA)

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