Zacks Research Analysts Lower Earnings Estimates for IDACORP

IDACORP, Inc. (NYSE:IDA) – Zacks Research dropped their Q3 2027 earnings estimates for IDACORP in a report released on Thursday, April 9th. Zacks Research analyst Team now anticipates that the energy company will post earnings per share of $2.54 for the quarter, down from their prior estimate of $2.55. The consensus estimate for IDACORP’s current full-year earnings is $5.81 per share.

IDACORP (NYSE:IDA) last posted its quarterly earnings results on Thursday, February 19th. The energy company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The business had revenue of $405.24 million during the quarter, compared to analysts’ expectations of $533.06 million. IDACORP had a net margin of 17.84% and a return on equity of 9.36%. During the same quarter last year, the company posted $0.70 earnings per share. IDACORP has set its FY 2026 guidance at 6.250-6.450 EPS.

A number of other research analysts have also recently issued reports on IDA. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IDACORP in a report on Thursday, January 22nd. Wells Fargo & Company cut shares of IDACORP from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $129.00 to $118.00 in a report on Tuesday, January 20th. Morgan Stanley set a $155.00 target price on shares of IDACORP in a report on Friday, February 20th. Wall Street Zen cut shares of IDACORP from a “hold” rating to a “sell” rating in a report on Sunday, February 22nd. Finally, Barclays raised their target price on shares of IDACORP from $149.00 to $159.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.25.

IDACORP Trading Down 2.0%

NYSE IDA opened at $144.63 on Monday. The company has a fifty day simple moving average of $141.40 and a two-hundred day simple moving average of $134.22. The stock has a market cap of $7.95 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.94 and a beta of 0.54. IDACORP has a 12-month low of $108.15 and a 12-month high of $149.73. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IDA. Orion Porfolio Solutions LLC increased its holdings in IDACORP by 3,215.7% in the second quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock valued at $69,784,000 after buying an additional 586,221 shares in the last quarter. Zimmer Partners LP purchased a new position in IDACORP in the third quarter valued at $71,031,000. Capital Research Global Investors purchased a new position in IDACORP in the fourth quarter valued at $44,511,000. Invesco Ltd. increased its holdings in IDACORP by 139.4% in the third quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock valued at $78,208,000 after buying an additional 344,622 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd purchased a new position in IDACORP in the fourth quarter valued at $38,817,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Insider Activity

In related news, VP Julia A. Hilton sold 1,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total transaction of $142,790.00. Following the completion of the transaction, the vice president owned 2,313 shares of the company’s stock, valued at $330,273.27. This trade represents a 30.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by company insiders.

IDACORP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 5th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, February 5th. IDACORP’s dividend payout ratio (DPR) is 59.66%.

About IDACORP

IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.

Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.