Zacks Research Comments on IDACORP’s Q1 Earnings (NYSE:IDA)

IDACORP, Inc. (NYSE:IDA) – Investment analysts at Zacks Research lowered their Q1 2025 earnings per share estimates for shares of IDACORP in a research report issued to clients and investors on Thursday, November 21st. Zacks Research analyst R. Department now expects that the energy company will post earnings of $1.04 per share for the quarter, down from their prior forecast 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.

Several other research firms have also recently weighed in on IDA. Mizuho raised IDACORP from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $102.00 to $116.00 in a research note on Friday, November 1st. Wells Fargo & Company upped their price objective on shares of IDACORP from $106.00 to $109.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Jefferies Financial Group began coverage on shares of IDACORP in a research note on Friday, September 20th. They set a “hold” rating and a $110.00 target price for the company. Bank of America upgraded shares of IDACORP from a “neutral” rating to a “buy” rating and boosted their price target for the company from $113.00 to $117.00 in a report on Tuesday, November 5th. Finally, Morgan Stanley increased their price objective on IDACORP from $102.00 to $108.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $108.83.

IDACORP Stock Performance

Shares of IDA stock opened at $117.87 on Monday. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 2.64 and a beta of 0.60. IDACORP has a 1-year low of $86.43 and a 1-year high of $120.42. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.93. The stock’s fifty day simple moving average is $107.00 and its 200-day simple moving average is $100.68.

IDACORP (NYSE:IDA) last announced its earnings results on Thursday, October 31st. The energy company reported $2.12 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 analyst estimates of $524.39 million. IDACORP had a return on equity of 9.17% and a net margin of 15.35%. During the same quarter in the previous year, the business earned $2.07 earnings per share.

Hedge Funds Weigh In On IDACORP

Several institutional investors have recently bought and sold shares of IDA. Tidal Investments LLC grew its holdings in IDACORP by 40.3% during the third quarter. Tidal Investments LLC now owns 15,341 shares of the energy company’s stock valued at $1,582,000 after purchasing an additional 4,409 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of IDACORP during the 3rd quarter worth $53,000. Sanctuary Advisors LLC boosted its holdings in shares of IDACORP by 46.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,178 shares of the energy company’s stock worth $946,000 after buying an additional 2,930 shares during the period. Geode Capital Management LLC grew 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 buying an additional 36,063 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in IDACORP by 0.8% in the 3rd quarter. M&T Bank Corp now owns 10,992 shares of the energy company’s stock worth $1,133,000 after acquiring an additional 92 shares during the period. 89.10% of the stock is currently owned by institutional investors.

IDACORP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.86 per share. The ex-dividend date is Tuesday, November 5th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.92%. This is an increase from IDACORP’s previous quarterly dividend of $0.83. IDACORP’s dividend payout ratio (DPR) is currently 63.82%.

About IDACORP

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.