Somewhat Positive Media Coverage Somewhat Unlikely to Impact Avista Corporation (AVA) Share Price
Press coverage about Avista Corporation (NYSE:AVA) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Avista Corporation earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 46.8749092901348 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Avista Corporation (NYSE AVA) opened at 51.74 on Friday. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 24.46 and a beta of 0.45. The stock’s 50 day moving average is $52.00 and its 200 day moving average is $43.90. Avista Corporation has a 52-week low of $37.78 and a 52-week high of $52.83.
Avista Corporation (NYSE:AVA) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The company had revenue of $314.50 million for the quarter, compared to analyst estimates of $326.33 million. Avista Corporation had a return on equity of 8.19% and a net margin of 9.35%. Avista Corporation’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Equities research analysts forecast that Avista Corporation will post $1.95 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.3575 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.43 annualized dividend and a dividend yield of 2.76%. Avista Corporation’s payout ratio is currently 67.77%.
Several equities analysts have recently weighed in on the stock. BMO Capital Markets restated a “hold” rating and set a $53.00 price objective on shares of Avista Corporation in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of Avista Corporation from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Friday, July 21st. BidaskClub upgraded shares of Avista Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Williams Capital lowered shares of Avista Corporation from a “hold” rating to a “sell” rating and raised their price objective for the company from $38.00 to $42.00 in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Avista Corporation presently has a consensus rating of “Hold” and a consensus target price of $47.75.
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.
Receive News & Stock Ratings for Avista Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista Corporation and related stocks with our FREE daily email newsletter.