Avista Corporation (AVA) Getting Somewhat Favorable Media Coverage, Analysis Finds
News headlines about Avista Corporation (NYSE:AVA) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avista Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 47.0665121895165 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Avista Corporation (NYSE:AVA) Experiences Lighter than Average Trading Volume (highlightpress.com)
- Avista Corp. :AVA-US: Earnings Analysis: Q2, 2017 By the Numbers : August 28, 2017 (finance.yahoo.com)
- Comparing Avista Corporation (AVA) and CMS Energy Corporation (CMS) (americanbankingnews.com)
- Critical Comparison: National Grid Transco, PLC (NGG) and Avista Corporation (AVA) (americanbankingnews.com)
- Avista Corporation (NYSE:AVA) Traded Higher Than Its 50 Day Moving Average (highlightpress.com)
Shares of Avista Corporation (NYSE AVA) opened at 51.67 on Tuesday. The stock has a market cap of $3.33 billion, a PE ratio of 24.43 and a beta of 0.42. The company’s 50-day moving average is $49.67 and its 200 day moving average is $43.10. Avista Corporation has a 52 week low of $37.78 and a 52 week high of $52.83.
Avista Corporation (NYSE:AVA) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $314.50 million during the quarter, compared to analyst estimates of $326.33 million. Avista Corporation had a net margin of 9.35% and a return on equity of 8.19%. Avista Corporation’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. Analysts forecast that Avista Corporation will post $1.93 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.3575 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.77%. Avista Corporation’s dividend payout ratio is 67.77%.
AVA has been the subject of a number of research reports. Zacks Investment Research raised shares of Avista Corporation from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Friday, July 21st. BidaskClub raised shares of Avista Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. BMO Capital Markets reissued a “hold” rating and set a $53.00 target price on shares of Avista Corporation in a research note on Friday, July 21st. Finally, Williams Capital cut shares of Avista Corporation from a “hold” rating to a “sell” rating and upped their price objective for the company from $38.00 to $42.00 in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $47.75.
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Avista Corporation Company Profile
Avista Corporation is an electric and natural gas utility company. The Company operates through two segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). The Company’s regional services include government and higher education, medical services, retail trade and finance. The Company’s businesses also include sheet metal fabrication, venture fund investments, real estate investments, a company that explores markets that could be served with liquefied natural gas (LNG), as well as certain other investments of Avista Capital, which is a subsidiary of the Company.
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