Zacks Research Issues Negative Outlook for IDACORP Earnings

IDACORP, Inc. (NYSE:IDA) – Equities researchers at Zacks Research dropped their Q4 2027 earnings estimates for shares of IDACORP in a note issued to investors on Tuesday, September 1st. Zacks Research analyst Team now anticipates that the energy company will post earnings of $0.95 per share for the quarter, down from their prior estimate of $1.19. The consensus estimate for IDACORP’s current full-year earnings is $6.38 per share.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research note on Monday, August 3rd. Barclays decreased their target price on IDACORP from $167.00 to $162.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Morgan Stanley lowered their target price on IDACORP from $156.00 to $151.00 and set an “overweight” rating on the stock in a research note on Friday, August 21st. BTIG Research reiterated a “buy” rating and set a $160.00 price target on shares of IDACORP in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their price objective on IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $153.86.

IDACORP Trading Down 0.9%

Shares of IDA stock opened at $135.18 on Thursday. The company has a 50 day moving average of $145.01 and a 200-day moving average of $143.50. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.97. IDACORP has a 12-month low of $122.30 and a 12-month high of $154.91. The firm has a market cap of $7.82 billion, a P/E ratio of 22.38, a PEG ratio of 2.35 and a beta of 0.47.

IDACORP (NYSE:IDA) last posted its quarterly earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.01. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. The company had revenue of $469.80 million during the quarter, compared to analyst estimates of $511.87 million. During the same quarter in the prior year, the business earned $1.76 earnings per share. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS.

IDACORP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 5th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Wednesday, August 5th. IDACORP’s payout ratio is presently 58.28%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its holdings in IDACORP by 14,200.9% during the 2nd quarter. California State Teachers Retirement System now owns 9,695,153 shares of the energy company’s stock valued at $1,466,877,000 after buying an additional 9,627,359 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of IDACORP in the second quarter worth about $1,033,914,000. Orion Porfolio Solutions LLC boosted its position in shares of IDACORP by 3,215.7% in the second quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock valued at $69,784,000 after acquiring an additional 586,221 shares during the period. Zimmer Partners LP bought a new position in shares of IDACORP in the third quarter valued at approximately $71,031,000. Finally, Bank of New York Mellon Corp purchased a new position in IDACORP during the second quarter valued at approximately $72,143,000. Institutional investors own 89.10% of the company’s stock.

About IDACORP

IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.

Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.