Wall Street analysts predict that Avista Corp (NYSE:AVA) will announce $0.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Avista’s earnings. Avista reported earnings of $0.39 per share during the same quarter last year, which indicates a negative year over year growth rate of 15.4%. The firm is scheduled to report its next earnings report before the market opens on Wednesday, August 7th.
On average, analysts expect that Avista will report full-year earnings of $1.90 per share for the current financial year, with EPS estimates ranging from $1.85 to $1.93. For the next financial year, analysts forecast that the firm will report earnings of $2.00 per share, with EPS estimates ranging from $1.95 to $2.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Avista.
Avista (NYSE:AVA) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.31). The company had revenue of $377.70 million for the quarter. Avista had a net margin of 14.26% and a return on equity of 6.48%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 earnings per share.
AVA has been the topic of several recent research reports. TheStreet lowered Worthington Industries from a “b-” rating to a “c+” rating in a report on Monday, June 10th. Bank of America initiated coverage on Coty in a report on Thursday, May 9th. They set a “neutral” rating and a $12.00 price objective on the stock. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, KeyCorp reissued an “overweight” rating and set a $46.00 price objective on shares of FirstEnergy in a report on Wednesday, June 5th. Two investment analysts have rated the stock with a sell rating, three 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 $39.25.
In related news, SVP Jason R. Thackston sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $43.58, for a total transaction of $54,475.00. Following the completion of the transaction, the senior vice president now owns 23,952 shares in the company, valued at approximately $1,043,828.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Scott L. Morris sold 23,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $44.33, for a total value of $1,019,590.00. Following the transaction, the chairman now owns 198,865 shares of the company’s stock, valued at approximately $8,815,685.45. The disclosure for this sale can be found here. Insiders have sold a total of 37,986 shares of company stock valued at $1,672,624 in the last 90 days. 1.10% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Avista by 8.1% in the 1st quarter. BlackRock Inc. now owns 12,524,697 shares of the utilities provider’s stock valued at $508,754,000 after buying an additional 938,978 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Avista by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,341,432 shares of the utilities provider’s stock worth $56,984,000 after purchasing an additional 9,594 shares during the period. Acadian Asset Management LLC acquired a new position in Avista in the first quarter valued at about $40,892,000. First Trust Advisors LP grew its stake in Avista by 34.6% in the first quarter. First Trust Advisors LP now owns 715,688 shares of the utilities provider’s stock valued at $29,071,000 after acquiring an additional 184,100 shares during the period. Finally, Geode Capital Management LLC grew its stake in Avista by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 687,166 shares of the utilities provider’s stock valued at $29,190,000 after acquiring an additional 45,108 shares during the period. Institutional investors and hedge funds own 78.60% of the company’s stock.
AVA traded up $0.11 during midday trading on Friday, reaching $45.37. The company’s stock had a trading volume of 9,529 shares, compared to its average volume of 367,683. The stock has a market capitalization of $2.95 billion, a PE ratio of 21.52, a P/E/G ratio of 7.22 and a beta of 0.43. The firm has a fifty day simple moving average of $43.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.54 and a current ratio of 0.64. Avista has a twelve month low of $39.75 and a twelve month high of $52.70.
The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Thursday, May 23rd were given a dividend of $0.3875 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $1.55 annualized dividend and a dividend yield of 3.42%. Avista’s dividend payout ratio (DPR) is presently 73.46%.
Avista Corporation operates as an electric and natural gas utility company. It operates through two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.
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