IDACORP (NYSE:IDA – Get Rating) will be releasing its earnings data after the market closes on Thursday, May 5th. IDACORP has set its FY22 guidance at $4.85-5.05 EPS and its FY 2022 guidance at $4.850-$5.050 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.
IDACORP (NYSE:IDA – Get Rating) last released its earnings results on Thursday, February 17th. The energy company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). IDACORP had a return on equity of 9.32% and a net margin of 16.84%. The firm had revenue of $335.01 million for the quarter, compared to the consensus estimate of $264.04 million. During the same period in the prior year, the business earned $0.74 EPS.
NYSE:IDA opened at $108.67 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.83 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $110.93 and its two-hundred day moving average is $108.68. IDACORP has a 52 week low of $95.26 and a 52 week high of $118.92. The company has a market cap of $5.49 billion, a PE ratio of 22.41, a P/E/G ratio of 5.16 and a beta of 0.55.
Institutional investors have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in IDACORP in the 4th quarter valued at approximately $57,000. Squarepoint Ops LLC increased its position in IDACORP by 53.1% in the 4th quarter. Squarepoint Ops LLC now owns 5,658 shares of the energy company’s stock valued at $641,000 after acquiring an additional 1,963 shares during the period. Schonfeld Strategic Advisors LLC increased its position in IDACORP by 25.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 7,000 shares of the energy company’s stock valued at $794,000 after acquiring an additional 1,400 shares during the period. Metropolitan Life Insurance Co NY increased its position in IDACORP by 9.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 9,034 shares of the energy company’s stock valued at $1,024,000 after acquiring an additional 815 shares during the period. Finally, Stifel Financial Corp increased its position in IDACORP by 8.1% in the 4th quarter. Stifel Financial Corp now owns 13,781 shares of the energy company’s stock valued at $1,561,000 after acquiring an additional 1,037 shares during the period. Institutional investors and hedge funds own 77.32% of the company’s stock.
A number of brokerages have recently weighed in on IDA. Mizuho began coverage on IDACORP in a research report on Thursday, March 10th. They set a “buy” rating and a $119.00 price target on the stock. StockNews.com began coverage on IDACORP in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.67.
About IDACORP (Get Rating)
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.
- Get a free copy of the StockNews.com research report on IDACORP (IDA)
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