IDACORP (NYSE:IDA) Issues Earnings Results, Beats Expectations By $0.07 EPS

IDACORP (NYSE:IDA) issued its earnings results on Thursday. The energy company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07, Zacks reports. IDACORP had a return on equity of 9.23% and a net margin of 15.83%. The business had revenue of $398.13 million during the quarter, compared to analyst estimates of $403.21 million. IDACORP updated its FY 2025 guidance to 5.650-5.850 EPS.

IDACORP Stock Performance

IDACORP stock opened at $113.98 on Friday. IDACORP has a 1-year low of $86.47 and a 1-year high of $120.42. The firm has a market cap of $6.07 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.32 and a beta of 0.65. The firm has a 50-day moving average of $109.90 and a 200-day moving average of $107.91. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.93.

IDACORP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.86 per share. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.02%. IDACORP’s dividend payout ratio is currently 62.77%.

Analysts Set New Price Targets

A number of research firms have issued reports on IDA. Mizuho upgraded IDACORP from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $102.00 to $116.00 in a research note on Friday, November 1st. Morgan Stanley upped their price objective on IDACORP from $110.00 to $121.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. StockNews.com downgraded IDACORP from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Bank of America raised shares of IDACORP from a “neutral” rating to a “buy” rating and boosted their target price for the company from $113.00 to $117.00 in a report on Tuesday, November 5th. Finally, Jefferies Financial Group lowered their target price on shares of IDACORP from $129.00 to $118.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $116.20.

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.