IDACORP (NYSE:IDA) Announces Earnings Results

IDACORP (NYSE:IDA) posted its quarterly earnings results on Thursday. The energy company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07, Zacks reports. IDACORP had a net margin of 15.35% and a return on equity of 9.17%. IDACORP updated its FY 2025 guidance to 5.650-5.850 EPS.

IDACORP Stock Performance

Shares of NYSE IDA traded up $0.74 during trading on Thursday, reaching $112.79. 195,471 shares of the stock traded hands, compared to its average volume of 277,434. The company has a 50-day moving average of $109.88 and a 200-day moving average of $107.78. IDACORP has a 52-week low of $86.47 and a 52-week high of $120.42. The stock has a market capitalization of $6.01 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 2.26 and a beta of 0.65. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.34.

IDACORP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th will be given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Wednesday, February 5th. IDACORP’s dividend payout ratio is currently 63.82%.

Analysts Set New Price Targets

IDA has been the subject of a number of research reports. Mizuho raised IDACORP from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $102.00 to $116.00 in a research note on Friday, November 1st. StockNews.com downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Morgan Stanley raised their price objective on shares of IDACORP from $110.00 to $121.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Guggenheim upgraded shares of IDACORP from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Jefferies Financial Group lowered their target price on shares of IDACORP from $129.00 to $118.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, IDACORP has an average rating of “Hold” and an average price target of $116.20.

About IDACORP

IDACORP, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada.