Avista (NYSE:AVA) is scheduled to be announcing its earnings results before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.51 per share for the quarter.
Shares of Avista (NYSE:AVA) opened at $50.21 on Monday. Avista has a 12 month low of $38.35 and a 12 month high of $52.83. The stock has a market capitalization of $3,230.00, a P/E ratio of 25.23 and a beta of 0.33. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.37 and a current ratio of 0.47.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be paid a $0.3725 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a boost from Avista’s previous quarterly dividend of $0.36. Avista’s dividend payout ratio is 71.86%.
In related news, insider Jason R. Thackston sold 1,500 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $51.58, for a total value of $77,370.00. Following the sale, the insider now owns 22,974 shares in the company, valued at approximately $1,184,998.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director R John Taylor sold 932 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $51.94, for a total value of $48,408.08. Following the completion of the sale, the director now owns 655 shares in the company, valued at approximately $34,020.70. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.
Separately, ValuEngine cut Avista from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $47.75.
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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.
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