Zacks Research Issues Positive Outlook for IDACORP Earnings

IDACORP, Inc. (NYSE:IDA) – Zacks Research raised their FY2025 earnings per share (EPS) estimates for shares of IDACORP in a research report issued to clients and investors on Wednesday, October 30th. Zacks Research analyst R. Department now anticipates that the energy company will earn $5.78 per share for the year, up from their prior forecast of $5.76. The consensus estimate for IDACORP’s current full-year earnings is $5.39 per share. Zacks Research also issued estimates for IDACORP’s Q2 2026 earnings at $1.61 EPS, Q3 2026 earnings at $2.37 EPS and FY2026 earnings at $6.06 EPS.

Several other brokerages have also recently commented on IDA. Jefferies Financial Group began coverage on IDACORP in a research report on Friday, September 20th. They set a “hold” rating and a $110.00 price target for the company. Wells Fargo & Company raised their target price 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. Bank of America began coverage on shares of IDACORP in a research report on Thursday, September 12th. They set a “neutral” rating and a $110.00 price target on the stock. StockNews.com raised shares of IDACORP from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Mizuho raised shares of IDACORP from a “neutral” rating to an “outperform” rating and upped their target price for the company from $102.00 to $116.00 in a report on Friday. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $107.67.

IDACORP Trading Up 2.3 %

IDACORP stock opened at $105.86 on Thursday. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 3.43 and a beta of 0.60. The firm has a 50-day moving average of $102.92 and a 200-day moving average of $98.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.55 and a quick ratio of 1.17. IDACORP has a one year low of $86.43 and a one year high of $109.47.

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). IDACORP had a return on equity of 9.16% and a net margin of 15.04%. The business had revenue of $528.53 million for the quarter, compared to analyst estimates of $524.39 million. During the same quarter in the previous year, the company posted $2.07 EPS.

IDACORP Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, November 5th. This is an increase from IDACORP’s previous quarterly dividend of $0.83. This represents a $3.44 annualized dividend and a yield of 3.25%. IDACORP’s dividend payout ratio (DPR) is 62.17%.

Institutional Investors Weigh In On IDACORP

A number of institutional investors have recently made changes to their positions in IDA. Covestor Ltd grew its holdings in IDACORP by 24.6% in the 3rd quarter. Covestor Ltd now owns 799 shares of the energy company’s stock valued at $82,000 after buying an additional 158 shares in the last quarter. Atria Investments Inc increased its position in IDACORP by 3.1% during the third quarter. Atria Investments Inc now owns 9,765 shares of the energy company’s stock worth $1,007,000 after acquiring an additional 297 shares during the period. Radnor Capital Management LLC acquired a new stake in IDACORP in the 3rd quarter worth about $232,000. Van ECK Associates Corp boosted its holdings in IDACORP by 7.0% in the 3rd quarter. Van ECK Associates Corp now owns 14,494 shares of the energy company’s stock valued at $1,522,000 after purchasing an additional 954 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of IDACORP by 1.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,587 shares of the energy company’s stock worth $1,916,000 after purchasing an additional 332 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.

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.