Zacks Research Brokers Reduce Earnings Estimates for IDACORP

IDACORP, Inc. (NYSE:IDA) – Equities research analysts at Zacks Research decreased their Q1 2025 EPS estimates for IDACORP in a research report issued on Thursday, November 21st. Zacks Research analyst R. Department now expects that the energy company will earn $1.04 per share for the quarter, down from their prior estimate of $1.06. The consensus estimate for IDACORP’s current full-year earnings is $5.42 per share. Zacks Research also issued estimates for IDACORP’s Q2 2025 earnings at $1.63 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $5.81 EPS, Q3 2026 earnings at $2.45 EPS and FY2026 earnings at $6.20 EPS.

IDACORP (NYSE:IDA) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.05). The firm had revenue of $528.53 million during the quarter, compared to the consensus estimate of $524.39 million. IDACORP had a net margin of 15.35% and a return on equity of 9.17%. During the same quarter in the prior year, the business earned $2.07 EPS.

IDA has been the topic of several other research reports. Morgan Stanley increased their target price on IDACORP from $102.00 to $108.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Jefferies Financial Group initiated coverage on shares of IDACORP in a research report on Friday, September 20th. They set a “hold” rating and a $110.00 price objective for the company. Mizuho raised shares of IDACORP from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $102.00 to $116.00 in a research note on Friday, November 1st. Wells Fargo & Company increased their target price on IDACORP from $106.00 to $109.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, StockNews.com lowered IDACORP from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $108.83.

IDACORP Price Performance

Shares of IDA stock opened at $118.91 on Monday. The firm’s 50 day moving average price is $106.71 and its two-hundred day moving average price is $100.53. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. The stock has a market cap of $6.33 billion, a PE ratio of 22.06, a PEG ratio of 2.64 and a beta of 0.60. IDACORP has a 52-week low of $86.43 and a 52-week high of $120.02.

IDACORP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Tuesday, November 5th. This is an increase from IDACORP’s previous quarterly dividend of $0.83. IDACORP’s payout ratio is 63.82%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IDA. Wellington Management Group LLP grew its stake in IDACORP by 17.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,389,823 shares of the energy company’s stock valued at $246,367,000 after buying an additional 359,553 shares during the last quarter. State Street Corp grew its position in shares of IDACORP by 5.5% in the third quarter. State Street Corp now owns 1,656,697 shares of the energy company’s stock valued at $170,789,000 after purchasing an additional 86,642 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of IDACORP by 1.7% during the second quarter. Victory Capital Management Inc. now owns 1,445,991 shares of the energy company’s stock worth $134,694,000 after purchasing an additional 23,925 shares during the period. Nuance Investments LLC lifted its holdings in IDACORP by 19.0% during the 2nd quarter. Nuance Investments LLC now owns 1,114,475 shares of the energy company’s stock worth $103,813,000 after purchasing an additional 178,294 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in IDACORP by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 950,206 shares of the energy company’s stock valued at $97,981,000 after purchasing an additional 36,063 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

IDACORP Company Profile

IDACORP, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming and Nevada.