FY2025 EPS Estimates for IDACORP Increased by Zacks Research

IDACORP, Inc. (NYSE:IDA) – Investment analysts at Zacks Research boosted their FY2025 EPS estimates for IDACORP in a report issued 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 previous estimate of $5.76. The consensus estimate for IDACORP’s current full-year earnings is $5.38 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.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, August 1st. The energy company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.37 by $0.34. IDACORP had a return on equity of 9.16% and a net margin of 15.04%. The business had revenue of $451.04 million during the quarter, compared to analysts’ expectations of $420.56 million. During the same period in the previous year, the business earned $1.35 earnings per share.

A number of other equities research analysts also recently weighed in on IDA. StockNews.com raised shares of IDACORP from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley raised their price objective on shares of IDACORP from $102.00 to $108.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group started coverage on shares of IDACORP in a research report on Friday, September 20th. They issued a “hold” rating and a $110.00 target price for the company. Wells Fargo & Company raised their price target on IDACORP from $106.00 to $109.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Bank of America assumed coverage on IDACORP in a report on Thursday, September 12th. They issued a “neutral” rating and a $110.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, IDACORP currently has an average rating of “Hold” and a consensus price target of $104.83.

IDACORP Stock Performance

NYSE:IDA opened at $102.16 on Thursday. The stock has a market cap of $5.44 billion, a P/E ratio of 20.51, a PEG ratio of 3.49 and a beta of 0.60. The company has a quick ratio of 1.17, a current ratio of 1.55 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average price is $102.81 and its two-hundred day moving average price is $98.11. IDACORP has a twelve month low of $86.43 and a twelve month high of $105.25.

IDACORP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 5th will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Tuesday, November 5th. This is a positive change from IDACORP’s previous quarterly dividend of $0.83. IDACORP’s payout ratio is 69.08%.

Institutional Investors Weigh In On IDACORP

Several institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in shares of IDACORP during the third quarter worth about $26,000. Rise Advisors LLC boosted its holdings in IDACORP by 65.8% in the second quarter. Rise Advisors LLC now owns 368 shares of the energy company’s stock valued at $34,000 after acquiring an additional 146 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in IDACORP during the 2nd quarter valued at $35,000. Eastern Bank purchased a new position in IDACORP during the 3rd quarter valued at $52,000. Finally, 1620 Investment Advisors Inc. bought a new position in IDACORP in the 2nd quarter worth $71,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

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.