Avista (AVA) to Release Quarterly Earnings on Wednesday

Avista (NYSE:AVA) is set to announce its earnings results before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.51 per share for the quarter.

Avista (AVA) opened at $49.71 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.47 and a quick ratio of 0.37. The firm has a market capitalization of $3,249.75, a price-to-earnings ratio of 24.98 and a beta of 0.32. Avista has a 52-week low of $38.35 and a 52-week high of $52.83.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be given a $0.3725 dividend. This is a positive change from Avista’s previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Thursday, February 22nd. Avista’s dividend payout ratio (DPR) is 71.86%.

In other Avista news, insider Jason R. Thackston sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $51.58, for a total value of $77,370.00. Following the transaction, the insider now directly owns 22,974 shares of the company’s stock, valued at $1,184,998.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R John Taylor sold 932 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $51.94, for a total value of $48,408.08. Following the completion of the transaction, the director now directly owns 655 shares in the company, valued at $34,020.70. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Several research analysts recently weighed in on AVA shares. KeyCorp reaffirmed a “hold” rating on shares of Avista in a research report on Friday, October 20th. ValuEngine lowered Avista from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.75.

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About Avista

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.

Earnings History for Avista (NYSE:AVA)

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