Avista Corp. (AVA) Updates FY14 Earnings Guidance
Avista Corp. (NYSE:AVA) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.77-1.97 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.86, American Banking News.com reports.
On a related note, analysts at BMO Capital Markets upgraded shares of Avista Corp. from an underperform rating to a market perform rating in a research note on Thursday, January 2nd. They now have a $29.00 price target on the stock, up previously from $26.00.
Shares of Avista Corp. (NYSE:AVA) opened at 29.58 on Wednesday. Avista Corp. has a 52-week low of $25.36 and a 52-week high of $30.25. The stock’s 50-day moving average is $28.68 and its 200-day moving average is $27.53. The company has a market cap of $1.776 billion and a P/E ratio of 18.66.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 14th. Shareholders of record on Friday, February 21st will be given a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Wednesday, February 19th. This is a positive change from Avista Corp.’s previous quarterly dividend of $0.31.
Avista Corporation (NYSE:AVA) is an energy company engaged in the generation, transmission and distribution of energy, as well as other energy-related businesses.
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