IDACORP Inc. (IDA) Updates FY14 Earnings Guidance
IDACORP Inc. (NYSE:IDA) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.50-3.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.49, ARN reports.
Shares of IDACORP Inc. (NYSE:IDA) opened at 54.17 on Thursday. IDACORP Inc. has a 52-week low of $45.62 and a 52-week high of $58.79. The stock’s 50-day moving average is $55.80 and its 200-day moving average is $54.72. The company has a market cap of $2.725 billion and a P/E ratio of 15.53.
IDACORP (NYSE:IDA) last released its earnings data on Thursday, July 31st. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.84 by $0.05. During the same quarter last year, the company posted $0.91 earnings per share. On average, analysts predict that IDACORP Inc. will post $3.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Tuesday, August 5th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Friday, August 1st.
On a related note, analysts at Ladenburg Thalmann reiterated a hold rating on shares of IDACORP in a research note on Thursday, May 22nd. They now have a $48.00 price target on the stock.
IDACORP, Inc (NYSE:IDA) is a holding company.
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