IDACORP (NYSE:IDA) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

IDACORP (NYSE:IDAGet Free Report) issued its quarterly earnings data on Thursday. The energy company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.73 by $0.05, Zacks reports. The business had revenue of $405.24 million during the quarter, compared to analyst estimates of $533.06 million. IDACORP had a net margin of 17.59% and a return on equity of 9.35%. During the same period last year, the business posted $0.70 earnings per share. IDACORP updated its FY 2026 guidance to 6.250-6.450 EPS.

IDACORP Price Performance

Shares of NYSE IDA traded down $0.77 during midday trading on Thursday, hitting $140.98. The stock had a trading volume of 77,009 shares, compared to its average volume of 489,173. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.95. The stock has a 50 day simple moving average of $131.55 and a 200-day simple moving average of $129.76. The company has a market capitalization of $7.62 billion, a PE ratio of 24.28, a P/E/G ratio of 2.78 and a beta of 0.59. IDACORP has a 1 year low of $108.15 and a 1 year high of $145.94.

IDACORP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 5th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. IDACORP’s dividend payout ratio is presently 60.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. BTIG Research restated a “buy” rating and set a $156.00 target price on shares of IDACORP in a research note on Friday, January 30th. Wall Street Zen upgraded IDACORP from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. UBS Group decreased their target price on shares of IDACORP from $135.00 to $129.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Wells Fargo & Company downgraded shares of IDACORP from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $129.00 to $118.00 in a report on Tuesday, January 20th. Finally, Jefferies Financial Group cut their price objective on shares of IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $137.67.

Check Out Our Latest Analysis on IDACORP

Institutional Investors Weigh In On IDACORP

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDA. Caitong International Asset Management Co. Ltd grew its holdings in shares of IDACORP by 630.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock worth $29,000 after buying an additional 189 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in IDACORP during the 3rd quarter valued at about $34,000. Los Angeles Capital Management LLC acquired a new stake in IDACORP in the 4th quarter valued at about $35,000. Smartleaf Asset Management LLC lifted its stake in IDACORP by 62.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock worth $36,000 after purchasing an additional 119 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in IDACORP in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

IDACORP News Summary

Here are the key news stories impacting IDACORP this week:

About IDACORP

(Get Free Report)

IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.

Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.

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Earnings History for IDACORP (NYSE:IDA)

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