IDACORP (NYSE:IDA) is scheduled to announce its earnings results before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.67 per share for the quarter.
Shares of IDACORP (NYSE IDA) opened at $85.27 on Tuesday. The stock has a market capitalization of $4,297.01, a price-to-earnings ratio of 20.75, a P/E/G ratio of 5.03 and a beta of 0.42. IDACORP has a 12-month low of $79.15 and a 12-month high of $100.04. The company has a current ratio of 2.03, a quick ratio of 1.53 and a debt-to-equity ratio of 0.78.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Monday, February 5th will be given a dividend of $0.59 per share. The ex-dividend date is Friday, February 2nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.77%. IDACORP’s payout ratio is 57.42%.
A number of analysts recently issued reports on IDA shares. ValuEngine raised IDACORP from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research cut IDACORP from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Bank of America started coverage on IDACORP in a research report on Tuesday, January 9th. They set an “underperform” rating and a $85.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $91.00.
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IDACORP Company Profile
IDACORP, Inc is a holding company. The Company’s principal operating subsidiary is Idaho Power Company (Idaho Power). The Company’s segment is utility operations. The utility operations segment’s primary source of revenue is the regulated operations of Idaho Power. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and capacity.
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