Avista Corporation (AVA) Scheduled to Post Earnings on Wednesday
Avista Corporation (NYSE:AVA) will post its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect Avista Corporation to post earnings of $0.16 per share for the quarter.
Avista Corporation (NYSE:AVA) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Avista Corporation had a net margin of 9.35% and a return on equity of 8.19%. The company had revenue of $314.50 million during the quarter, compared to the consensus estimate of $326.33 million. During the same quarter in the prior year, the company posted $0.43 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, analysts expect Avista Corporation to post $1.95 EPS for the current fiscal year and $2.05 EPS for the next fiscal year.
Avista Corporation (AVA) opened at 52.08 on Wednesday. Avista Corporation has a 1-year low of $37.78 and a 1-year high of $52.83. The firm has a 50-day moving average price of $51.83 and a 200-day moving average price of $46.88. The firm has a market capitalization of $3.35 billion, a PE ratio of 24.62 and a beta of 0.45.
Several research analysts recently issued reports on AVA shares. BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 target price on shares of Avista Corporation in a research report on Friday, July 21st. Zacks Investment Research raised Avista Corporation from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Friday, July 21st. BidaskClub raised Avista Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Williams Capital lowered Avista Corporation from a “hold” rating to a “sell” rating and lifted their price objective for the stock from $38.00 to $42.00 in a research report on Thursday, July 20th. Finally, KeyCorp reissued a “hold” rating on shares of Avista Corporation in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Avista Corporation presently has a consensus rating of “Hold” and a consensus price target of $47.75.
Avista Corporation Company Profile
Avista Corporation is an electric and natural gas utility company. The Company operates through two segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). The Company’s regional services include government and higher education, medical services, retail trade and finance. The Company’s businesses also include sheet metal fabrication, venture fund investments, real estate investments, a company that explores markets that could be served with liquefied natural gas (LNG), as well as certain other investments of Avista Capital, which is a subsidiary of the Company.
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