Avista (NYSE:AVA – Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, November 6th. Analysts expect Avista to post earnings of $0.09 per share for the quarter. Avista has set its FY24 guidance at $2.36-2.56 EPS and its FY 2024 guidance at 2.360-2.560 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
Avista (NYSE:AVA – Get Free Report) last released its earnings results on Wednesday, August 7th. The utilities provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.07. The company had revenue of $390.80 million for the quarter, compared to the consensus estimate of $386.69 million. Avista had a net margin of 10.12% and a return on equity of 7.77%. Avista’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. On average, analysts expect Avista to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Avista Trading Down 1.3 %
NYSE AVA opened at $37.69 on Wednesday. The stock has a market cap of $2.97 billion, a P/E ratio of 15.26, a P/E/G ratio of 3.26 and a beta of 0.47. The company has a current ratio of 0.88, a quick ratio of 0.60 and a debt-to-equity ratio of 1.05. Avista has a 12-month low of $31.57 and a 12-month high of $39.99. The company has a fifty day simple moving average of $38.31 and a two-hundred day simple moving average of $37.05.
Avista Announces Dividend
Insider Transactions at Avista
In other Avista news, VP David J. Meyer sold 2,400 shares of Avista stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $38.32, for a total transaction of $91,968.00. Following the completion of the transaction, the vice president now owns 5,436 shares in the company, valued at approximately $208,307.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.96% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Bank of America initiated coverage on Avista in a report on Thursday, September 12th. They issued an “underperform” rating and a $37.00 price objective on the stock.
Read Our Latest Research Report on AVA
Avista Company Profile
Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.
Featured Articles
- Five stocks we like better than Avista
- 3 REITs to Buy and Hold for the Long Term
- Is McDonald’s Stock a Smart Buy After Sell-Off and Earnings?
- What Do S&P 500 Stocks Tell Investors About the Market?
- QuantumScape: Solid State EV Batteries Nearing Commercialization
- How to Calculate Retirement Income: MarketBeat’s Calculator
- MicroStrategy: Is This Bitcoin-Powered Stock a Buy or a Gamble?
Receive News & Ratings for Avista Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista and related companies with MarketBeat.com's FREE daily email newsletter.