News articles about Avista (NYSE:AVA) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Avista earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 45.9116357913432 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
Shares of AVA stock opened at $51.30 on Tuesday. The firm has a market cap of $3,407.41, a PE ratio of 26.31 and a beta of 0.30. Avista has a one year low of $39.25 and a one year high of $52.83. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.40 and a current ratio of 0.48.
Avista (NYSE:AVA) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.06. The firm had revenue of $397.90 million for the quarter, compared to the consensus estimate of $380.39 million. Avista had a net margin of 8.02% and a return on equity of 7.72%. The company’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.62 EPS. equities analysts forecast that Avista will post 2.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd were given a dividend of $0.3725 per share. This represents a $1.49 annualized dividend and a dividend yield of 2.90%. This is an increase from Avista’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, February 22nd. Avista’s dividend payout ratio (DPR) is presently 76.41%.
Several research analysts have recently weighed in on AVA shares. ValuEngine cut shares of Avista from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Williams Capital restated a “sell” rating and set a $40.00 price objective (down from $42.00) on shares of Avista in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.67.
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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.
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