Avista (AVA) Set to Announce Earnings on Wednesday

Avista (NYSE:AVAGet 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:AVAGet 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

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 22nd were paid a $0.475 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.90 dividend on an annualized basis and a yield of 5.04%. Avista’s dividend payout ratio (DPR) is 76.92%.

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

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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.

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Earnings History for Avista (NYSE:AVA)

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