Zacks Research considers IDACORP, Inc.’s earnings. in Q4 2024 (NYSE:IDA)

IDACORP, Inc. (NYSE:IDA – Free Report) – Equities research analysts at Zacks Research boosted their Q4 2024 earnings per share (EPS) estimates for IDACORP in a report issued on Thursday, August 22nd. Zacks Research analyst R. Department now anticipates that the energy company will post earnings of $0.71 per share for the quarter, up from their prior estimate of $0.69. The consensus estimate for IDACORP’s current full-year earnings is $5.37 per share. Zacks Research also issued estimates for IDACORP’s Q1 2025 earnings at $1.08, Q3 2025 earnings at $2.29, FY2025 earnings at $5.72, Q1 2026 earnings at $1.10, $202 for $202 and $202. 90 EPS.

Several other equities research analysts have also commented on IDA. Wells Fargo & Company upped their target price on IDACORP from $98.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Morgan Stanley boosted their price objective on IDACORP from $94.00 to $102.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Mizuho boosted their target price on shares of IDACORP from $88.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, IDACORP has an average rating of “Hold” and an average target price of $99.80.

Check out IDACORP’s latest stock report

IDACORP stock was down 0.2%

IDA opened at $102.00 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.54, and a debt-to-equity ratio of 0.95. IDACORP has a 12 month low of $86.43 and a 12 month high of $104.43. The company has a market cap of $5.43 billion, a PE ratio of 20.48 and a beta of 0.58. The company has a 50-day moving average price of $96.60 and a 200-day moving average price of $93.86.

IDACORP (NYSE:IDA – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.34. IDACORP had a net margin of 15.04% and a return on equity of 9.38%. The company had revenue of $451.04 million during the quarter, compared to analysts’ expectations of $420.56 million. In the same period last year, the company posted earnings of $1.35 per share.

IDACORP announces dividends

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 5th will be given a $0.83 dividend. This represents an annualized dividend of $3.32 and a yield of 3.25%. The ex-dividend date is Monday, August 5. IDACORP’s payout ratio is currently 66.67%.

Institutional investors intervene on IDACORP

Hedge funds have recently modified their holdings of the company. Nuance Investments LLC purchased a new position in IDACORP in the first quarter worth about $86,962,000. Wellington Management Group LLP raised its holdings in shares of IDACORP by 50.3% during the 4th quarter. Wellington Management Group LLP now owns 1,634,463 shares of the energy company’s stock worth $160,700,000 after buying an additional 546,818 shares. actions during that period. Clean Energy Transition LLP purchased a new stake in shares of IDACORP in the second quarter valued at approximately $49,103,000. Victory Capital Management Inc. raised its holdings in IDACORP by 29.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,194,847 shares of the energy company’s stock valued at $117,477,000 after purchasing an additional 273,560 shares during the period. Finally, Balyasny Asset Management LP lifted its position in IDACORP by 128.1% in the fourth quarter. Balyasny Asset Management LP now owns 394,857 shares of the energy company’s stock valued at $38,822,000 after purchasing an additional 221,777 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s shares.

IDACORP company profile

(Get a free report)

IDACORP, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, purchase and sale of electric power in the United States. The company operates 17 hydropower plants located in southern Idaho and eastern Oregon; three natural gas plants in southern Idaho; and interests in two coal-fired steam power plants located in Wyoming and Nevada.

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