IDACORP (NYSE:IDA) Updates FY 2026 Earnings Guidance

IDACORP (NYSE:IDA) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 6.250-6.450 for the period, compared to the consensus estimate of 6.390. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several research firms recently commented on IDA. UBS Group lowered their target price on IDACORP from $135.00 to $129.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Jefferies Financial Group reduced their price objective on IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Wall Street Zen upgraded IDACORP from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. BTIG Research reissued a “buy” rating and issued a $156.00 target price on shares of IDACORP in a report on Friday, January 30th. Finally, Morgan Stanley lowered their target price on IDACORP from $146.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, IDACORP has a consensus rating of “Moderate Buy” and an average price target of $137.67.

IDACORP Stock Down 1.2%

Shares of IDACORP stock opened at $141.47 on Thursday. IDACORP has a 1-year low of $108.15 and a 1-year high of $145.94. The company has a market capitalization of $7.65 billion, a PE ratio of 24.31, a P/E/G ratio of 2.78 and a beta of 0.59. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.09 and a quick ratio of 0.82. The business has a 50-day moving average of $131.55 and a 200-day moving average of $129.76.

IDACORP (NYSE:IDA) last announced its quarterly earnings data on Thursday, February 19th. The energy company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. IDACORP had a return on equity of 9.35% and a net margin of 17.59%.IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS. As a group, equities analysts forecast that IDACORP will post 5.81 EPS for the current fiscal year.

IDACORP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 5th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, February 5th. IDACORP’s payout ratio is 60.48%.

Institutional Investors Weigh In On IDACORP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC grew its stake in IDACORP by 3,215.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock valued at $69,784,000 after buying an additional 586,221 shares during the last quarter. Zimmer Partners LP bought a new stake in IDACORP during the 3rd quarter valued at approximately $71,031,000. Invesco Ltd. grew its holdings in IDACORP by 139.4% in the 3rd quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock valued at $78,208,000 after buying an additional 344,622 shares during the last quarter. BROOKFIELD Corp ON acquired a new position in shares of IDACORP during the second quarter worth approximately $33,920,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in IDACORP during the second quarter worth $29,728,000. Institutional investors own 89.10% of the company’s stock.

IDACORP Company Profile

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.