Avista (AVA) to Release Quarterly Earnings on Wednesday

Avista (NYSE:AVA) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Avista to post earnings of $0.09 per share for the quarter. Avista has set its FY24 guidance at $2.36-2.56 EPS and its FY 2024 guidance at 2.360-2.560 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Avista (NYSE:AVA) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.07. Avista had a net margin of 10.12% and a return on equity of 7.77%. The firm had revenue of $390.80 million for the quarter, compared to analysts’ expectations of $386.69 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, analysts expect Avista to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Avista Trading Down 0.8 %

NYSE AVA opened at $36.40 on Tuesday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 3.23 and a beta of 0.47. Avista has a twelve month low of $31.91 and a twelve month high of $39.99. The company has a quick ratio of 0.60, a current ratio of 0.88 and a debt-to-equity ratio of 1.05. The business’s fifty day moving average is $38.15 and its 200 day moving average is $37.17.

Avista Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend was Thursday, August 22nd. Avista’s dividend payout ratio (DPR) is currently 76.92%.

Insider Buying and Selling

In other Avista news, VP David J. Meyer sold 2,400 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $38.32, for a total value of $91,968.00. Following the sale, the vice president now owns 5,436 shares in the company, valued at approximately $208,307.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Bank of America initiated coverage on shares of Avista in a report on Thursday, September 12th. They issued an “underperform” rating and a $37.00 price objective for the company.

Avista Company Profile

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.