IDACORP (IDA) to Release Earnings on Thursday

IDACORP (NYSE:IDA) is projected to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $1.04 per share and revenue of $442.24 million for the quarter. IDACORP has set its FY 2025 guidance at 5.650-5.850 EPS.

IDACORP (NYSE:IDA) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $398.13 million for the quarter, compared to analyst estimates of $403.21 million. IDACORP had a net margin of 15.83% and a return on equity of 9.23%. On average, analysts expect IDACORP to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

IDACORP Stock Performance

Shares of NYSE IDA opened at $116.29 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. The firm has a market cap of $6.28 billion, a P/E ratio of 21.22, a PEG ratio of 2.32 and a beta of 0.56. The stock has a fifty day moving average price of $115.46 and a two-hundred day moving average price of $112.00. IDACORP has a 1 year low of $90.64 and a 1 year high of $120.84.

IDACORP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 5th will be paid a $0.86 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $3.44 dividend on an annualized basis and a yield of 2.96%. IDACORP’s dividend payout ratio is currently 62.77%.

Analysts Set New Price Targets

IDA has been the topic of several analyst reports. Guggenheim raised shares of IDACORP from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. UBS Group boosted their target price on shares of IDACORP from $117.00 to $122.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. StockNews.com raised IDACORP from a “sell” rating to a “hold” rating in a research report on Tuesday. Jefferies Financial Group raised IDACORP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 2nd. Finally, Morgan Stanley raised their price objective on IDACORP from $126.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $120.50.

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.