Avista (NYSE:AVA – Get Free Report) issued its quarterly earnings results on Wednesday. The utilities provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.13 by $0.10, Briefing.com reports. The business had revenue of $383.70 million for the quarter, compared to analysts’ expectations of $389.29 million. Avista had a net margin of 10.24% and a return on equity of 7.83%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 earnings per share. Avista updated its FY 2024 guidance to 2.260-2.460 EPS and its FY24 guidance to $2.26-2.46 EPS.
Avista Trading Up 2.1 %
NYSE AVA opened at $37.32 on Friday. The firm has a market capitalization of $2.94 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 3.23 and a beta of 0.47. Avista has a one year low of $31.91 and a one year high of $39.99. The company has a 50-day simple moving average of $38.05 and a 200-day simple moving average of $37.19. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.60 and a current ratio of 0.75.
Insider Buying and Selling
In related news, VP David J. Meyer sold 2,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $38.32, for a total value of $91,968.00. Following the sale, the vice president now owns 5,436 shares of the company’s stock, valued at approximately $208,307.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.96% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Avista Company Profile
Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in 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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