Q4 2024 EPS Estimates for IDACORP, Inc. Reduced by Analyst (NYSE:IDA)

IDACORP, Inc. (NYSE:IDA) – Zacks Research lowered their Q4 2024 earnings per share estimates for IDACORP in a research note issued on Thursday, May 23rd. Zacks Research analyst R. Department now expects that the energy company will earn $0.69 per share for the quarter, down from their previous estimate of $0.73. The consensus estimate for IDACORP’s current full-year earnings is $5.32 per share. Zacks Research also issued estimates for IDACORP’s Q1 2025 earnings at $1.29 EPS, Q2 2025 earnings at $1.63 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $5.67 EPS, Q1 2026 earnings at $1.29 EPS and FY2026 earnings at $5.81 EPS.

IDACORP (NYSE:IDA) last released its quarterly earnings results on Thursday, May 2nd. The energy company reported $0.95 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.06). IDACORP had a return on equity of 8.71% and a net margin of 14.18%. The firm had revenue of $448.94 million for the quarter, compared to analysts’ expectations of $441.21 million. During the same quarter in the prior year, the business earned $1.11 earnings per share.

Several other research analysts have also commented on the company. Mizuho raised their price target on IDACORP from $88.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Wells Fargo & Company lifted their target price on IDACORP from $94.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Morgan Stanley lifted their target price on IDACORP from $92.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. StockNews.com upgraded IDACORP to a “sell” rating in a report on Friday, April 26th. Finally, TheStreet downgraded IDACORP from a “b-” rating to a “c+” rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $96.80.

IDACORP Trading Down 2.3 %

IDA opened at $94.92 on Friday. IDACORP has a 52 week low of $86.43 and a 52 week high of $106.69. The business has a fifty day simple moving average of $93.81 and a 200-day simple moving average of $94.14. The firm has a market cap of $5.05 billion, a P/E ratio of 19.06 and a beta of 0.55. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 6th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, May 3rd. IDACORP’s dividend payout ratio (DPR) is currently 66.67%.

Institutional Trading of IDACORP

A number of hedge funds and other institutional investors have recently made changes to their positions in IDA. Headlands Technologies LLC acquired a new position in IDACORP in the 3rd quarter valued at about $40,000. Mather Group LLC. acquired a new position in IDACORP in the 1st quarter valued at about $41,000. Northwest Financial Advisors acquired a new position in IDACORP in the 4th quarter valued at about $52,000. Kapitalo Investimentos Ltda acquired a new position in IDACORP in the 4th quarter valued at about $54,000. Finally, EverSource Wealth Advisors LLC increased its position in IDACORP by 19.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 690 shares of the energy company’s stock valued at $68,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

IDACORP Company Profile

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