IDACORP, Inc. (IDA) Issues FY17 Earnings Guidance
IDACORP, Inc. (NYSE:IDA) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $4.05-4.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.01.
Several analysts recently commented on IDA shares. KeyCorp reaffirmed a hold rating on shares of IDACORP in a report on Friday, September 1st. BidaskClub raised IDACORP from a sell rating to a hold rating in a report on Friday, August 25th. Finally, Zacks Investment Research raised IDACORP from a hold rating to a buy rating and set a $97.00 price objective for the company in a report on Thursday, July 27th.
IDACORP (NYSE:IDA) last issued its earnings results on Thursday, November 2nd. The coal producer reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.11. IDACORP had a return on equity of 9.20% and a net margin of 15.31%. During the same period last year, the business posted $1.65 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 6th will be paid a $0.59 dividend. This is a positive change from IDACORP’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.36 dividend on an annualized basis and a yield of 2.56%. IDACORP’s dividend payout ratio (DPR) is 55.56%.
IDACORP, Inc is a holding company. The Company’s principal operating subsidiary is Idaho Power Company (Idaho Power). The Company’s segment is utility operations. The utility operations segment’s primary source of revenue is the regulated operations of Idaho Power. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and capacity.
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