Zacks Research Comments on IDACORP’s Q3 Earnings (NYSE:IDA)

IDACORP, Inc. (NYSE:IDA) – Equities research analysts at Zacks Research dropped their Q3 2026 earnings per share estimates for shares of IDACORP in a research report issued on Thursday, November 20th. Zacks Research analyst Team now anticipates that the energy company will post earnings per share of $2.43 for the quarter, down from their prior forecast of $2.49. The consensus estimate for IDACORP’s current full-year earnings is $5.81 per share.

IDA has been the topic of a number of other reports. Mizuho lifted their price target on shares of IDACORP from $129.00 to $144.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. BTIG Research upgraded IDACORP to a “strong-buy” rating in a report on Wednesday, October 22nd. Morgan Stanley set a $137.00 price target on IDACORP in a research report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group raised their price target on shares of IDACORP from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, IDACORP has an average rating of “Moderate Buy” and a consensus target price of $136.88.

IDACORP Trading Up 1.0%

Shares of IDA opened at $128.05 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.45 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $6.92 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 2.86 and a beta of 0.59. The stock’s fifty day simple moving average is $130.88 and its 200-day simple moving average is $123.60. IDACORP has a 12-month low of $104.74 and a 12-month high of $138.03.

IDACORP (NYSE:IDA) last released its quarterly earnings data on Thursday, October 30th. The energy company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.03. The company had revenue of $524.42 million for the quarter, compared to analyst estimates of $663.09 million. IDACORP had a return on equity of 9.18% and a net margin of 16.96%.During the same period in the prior year, the company posted $2.12 EPS. IDACORP has set its FY 2025 guidance at 5.800-5.900 EPS.

Institutional Investors Weigh In On IDACORP

Large investors have recently modified their holdings of the stock. IFP Advisors Inc grew its stake in IDACORP by 267.5% in the 1st quarter. IFP Advisors Inc now owns 1,073 shares of the energy company’s stock valued at $125,000 after buying an additional 781 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in IDACORP by 81.9% during the 1st quarter. Allianz Asset Management GmbH now owns 71,211 shares of the energy company’s stock worth $8,276,000 after purchasing an additional 32,070 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in IDACORP during the 1st quarter worth about $7,721,000. Cetera Investment Advisers grew its holdings in IDACORP by 15.6% during the 1st quarter. Cetera Investment Advisers now owns 10,066 shares of the energy company’s stock valued at $1,170,000 after buying an additional 1,359 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of IDACORP by 21.9% in the first quarter. TD Asset Management Inc now owns 36,572 shares of the energy company’s stock worth $4,250,000 after buying an additional 6,578 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

IDACORP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 5th will be paid a $0.88 dividend. This is a positive change from IDACORP’s previous quarterly dividend of $0.86. The ex-dividend date is Wednesday, November 5th. This represents a $3.52 annualized dividend and a yield of 2.7%. IDACORP’s dividend payout ratio (DPR) is 60.48%.

About IDACORP

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.