Idacorp (NYSE:IDA) – Equities research analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for shares of Idacorp in a note issued to investors on Wednesday, April 18th. KeyCorp analyst P. Ridzon anticipates that the coal producer will post earnings per share of $0.73 for the quarter.
Idacorp (NYSE:IDA) last announced its earnings results on Thursday, February 22nd. The coal producer reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. The company had revenue of $305.61 million for the quarter, compared to analyst estimates of $274.05 million. Idacorp had a return on equity of 9.59% and a net margin of 15.74%. During the same quarter last year, the company earned $0.66 earnings per share.
A number of other equities analysts have also weighed in on IDA. Zacks Investment Research lowered Idacorp from a “buy” rating to a “hold” rating in a research note on Monday, April 9th. ValuEngine upgraded Idacorp from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Williams Capital reiterated a “hold” rating and set a $80.00 target price (down previously from $86.00) on shares of Idacorp in a research note on Monday, February 26th. Finally, Bank of America assumed coverage on Idacorp in a research note on Tuesday, January 9th. They set an “underperform” rating and a $85.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Idacorp presently has an average rating of “Hold” and an average price target of $87.33.
Shares of NYSE IDA opened at $89.08 on Friday. The company has a market cap of $4,474.84, a PE ratio of 21.16, a PEG ratio of 5.20 and a beta of 0.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 2.21. Idacorp has a 1-year low of $79.59 and a 1-year high of $100.04.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 30th. Stockholders of record on Monday, May 7th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.65%. Idacorp’s dividend payout ratio (DPR) is currently 56.06%.
In related news, CFO Steven R. Keen sold 3,557 shares of the stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $87.72, for a total transaction of $312,020.04. Following the sale, the chief financial officer now owns 17,240 shares of the company’s stock, valued at $1,512,292.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Tessia Park sold 300 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $85.40, for a total value of $25,620.00. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of IDA. Motco acquired a new stake in Idacorp during the fourth quarter worth approximately $100,000. Two Sigma Securities LLC acquired a new stake in Idacorp during the fourth quarter worth approximately $202,000. Cypress Wealth Advisors LLC acquired a new stake in Idacorp during the fourth quarter worth approximately $203,000. Mountain Pacific Investment Advisers Inc. ID acquired a new stake in Idacorp during the fourth quarter worth approximately $204,000. Finally, Vident Investment Advisory LLC acquired a new stake in Idacorp during the third quarter worth approximately $205,000. 75.65% of the stock is currently owned by institutional investors and hedge funds.
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Idacorp Company Profile
IDACORP, Inc, through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. It operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon, as well as 3 natural gas-fired plants in southern Idaho; and owns interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon.
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