Zacks: Brokerages Expect Avista Corporation (AVA) Will Post Earnings of $0.54 Per Share

Brokerages expect Avista Corporation (NYSE:AVA) to post earnings per share of $0.54 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Avista’s earnings. Avista posted earnings per share of $0.62 during the same quarter last year, which would suggest a negative year-over-year growth rate of 12.9%. The business is scheduled to report its next earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Avista will report full-year earnings of $1.95 per share for the current financial year. For the next year, analysts anticipate that the company will report earnings of $2.02 per share, with EPS estimates ranging from $1.98 to $2.05. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Avista.

Several equities research analysts recently weighed in on AVA shares. Zacks Investment Research downgraded shares of Avista from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. KeyCorp reissued a “hold” rating on shares of Avista in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Avista currently has a consensus rating of “Hold” and an average target price of $47.75.

In related news, VP Kevin J. Christie sold 500 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $51.81, for a total value of $25,905.00. Following the sale, the vice president now owns 1,992 shares in the company, valued at $103,205.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James M. Kensok sold 4,700 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $52.01, for a total transaction of $244,447.00. Following the completion of the sale, the vice president now owns 12,787 shares in the company, valued at approximately $665,051.87. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 173,000 shares of company stock worth $47,980 and sold 6,132 shares worth $318,760. Company insiders own 1.10% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Riverhead Capital Management LLC boosted its holdings in Avista by 38.8% in the second quarter. Riverhead Capital Management LLC now owns 2,498 shares of the utilities provider’s stock worth $106,000 after purchasing an additional 698 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Avista by 28.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the utilities provider’s stock worth $114,000 after purchasing an additional 599 shares during the last quarter. Advisor Group Inc. boosted its holdings in Avista by 16.3% in the second quarter. Advisor Group Inc. now owns 2,883 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 403 shares during the last quarter. CWH Capital Management Inc. purchased a new stake in Avista in the second quarter worth approximately $132,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Avista by 8.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,145 shares of the utilities provider’s stock worth $134,000 after purchasing an additional 244 shares during the last quarter. Institutional investors own 77.35% of the company’s stock.

Shares of Avista (NYSE AVA) traded down $0.12 on Monday, hitting $51.55. 606,276 shares of the company traded hands, compared to its average volume of 443,253. The company has a market capitalization of $3,330.91, a P/E ratio of 25.10 and a beta of 0.42. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 0.92. Avista has a 12 month low of $37.78 and a 12 month high of $52.83.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.3575 per share. This represents a $1.43 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, November 30th. Avista’s dividend payout ratio (DPR) is currently 71.86%.

ILLEGAL ACTIVITY WARNING: This article was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.dispatchtribunal.com/2017/12/08/zacks-brokerages-expect-avista-corporation-ava-will-post-earnings-of-0-54-per-share.html.

Avista Company Profile

Avista Corporation is an electric and natural gas utility company. The Company operates through two segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). The Company’s regional services include government and higher education, medical services, retail trade and finance. The Company’s businesses also include sheet metal fabrication, venture fund investments, real estate investments, a company that explores markets that could be served with liquefied natural gas (LNG), as well as certain other investments of Avista Capital, which is a subsidiary of the Company.

Get a free copy of the Zacks research report on Avista (AVA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Avista (NYSE:AVA)

Receive News & Ratings for Avista Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply