Brokerages forecast that Avista Corporation (NYSE:AVA) will announce earnings per share of $0.54 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Avista Corporation’s earnings. Avista Corporation reported earnings per share of $0.62 in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.9%. The company is expected to announce its next quarterly earnings results on Tuesday, February 20th.

On average, analysts expect that Avista Corporation will report full year earnings of $1.95 per share for the current financial year. For the next fiscal year, analysts expect that the firm will post earnings of $2.02 per share, with EPS estimates ranging from $1.98 to $2.05. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Avista Corporation.

Several analysts have recently commented on the stock. KeyCorp reiterated a “hold” rating on shares of Avista Corporation in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of Avista Corporation from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. BidaskClub upgraded shares of Avista Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. BMO Capital Markets restated a “hold” rating and set a $53.00 target price on shares of Avista Corporation in a research report on Friday, July 21st. Finally, Williams Capital lowered shares of Avista Corporation from a “hold” rating to a “sell” rating and raised their target price for the stock from $38.00 to $42.00 in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $47.75.

In related news, VP James M. Kensok sold 4,700 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $52.01, for a total transaction of $244,447.00. Following the sale, the vice president now owns 12,787 shares in the company, valued at $665,051.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kevin J. Christie sold 500 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $51.81, for a total transaction of $25,905.00. Following the sale, the vice president now owns 1,992 shares in the company, valued at approximately $103,205.52. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 173,000 shares of company stock worth $47,980. 1.10% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in AVA. Renaissance Technologies LLC raised its stake in Avista Corporation by 528.1% during the first quarter. Renaissance Technologies LLC now owns 104,900 shares of the utilities provider’s stock worth $4,096,000 after purchasing an additional 88,200 shares during the period. State Street Corp raised its stake in Avista Corporation by 6.1% during the first quarter. State Street Corp now owns 1,748,071 shares of the utilities provider’s stock worth $68,263,000 after purchasing an additional 101,083 shares during the period. Credit Suisse AG raised its stake in Avista Corporation by 9.0% during the first quarter. Credit Suisse AG now owns 98,448 shares of the utilities provider’s stock worth $3,843,000 after purchasing an additional 8,131 shares during the period. State of Alaska Department of Revenue raised its stake in Avista Corporation by 78.3% during the second quarter. State of Alaska Department of Revenue now owns 12,714 shares of the utilities provider’s stock worth $539,000 after purchasing an additional 5,584 shares during the period. Finally, Eqis Capital Management Inc. raised its stake in Avista Corporation by 1.4% during the second quarter. Eqis Capital Management Inc. now owns 9,124 shares of the utilities provider’s stock worth $387,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 67.88% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Zacks: Analysts Anticipate Avista Corporation (AVA) to Post $0.54 EPS” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/15/zacks-analysts-anticipate-avista-corporation-ava-to-post-0-54-eps.html.

Avista Corporation (AVA) traded up $0.19 during mid-day trading on Wednesday, hitting $52.07. 205,400 shares of the stock traded hands, compared to its average volume of 446,701. The firm has a market capitalization of $3,341.86, a price-to-earnings ratio of 25.18 and a beta of 0.44. Avista Corporation has a twelve month low of $37.78 and a twelve month high of $52.83. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 0.92.

About Avista Corporation

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.

Get a free copy of the Zacks research report on Avista Corporation (AVA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Avista Corporation (NYSE:AVA)

Receive News & Ratings for Avista Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista Corporation and related companies with MarketBeat.com's FREE daily email newsletter.