Avista (AVA) Projected to Post Earnings on Wednesday

Avista (NYSE:AVA) is expected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Avista to post earnings of $0.86 per share and revenue of $487.48 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Avista Stock Performance

AVA opened at $37.91 on Monday. The firm has a market capitalization of $3.00 billion, a PE ratio of 15.10, a PEG ratio of 2.53 and a beta of 0.49. Avista has a twelve month low of $32.70 and a twelve month high of $39.99. The firm’s 50-day moving average price is $36.58 and its 200 day moving average price is $37.55. The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 1.05.

Avista Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Wednesday, February 26th will be paid a $0.49 dividend. This is a boost from Avista’s previous quarterly dividend of $0.48. The ex-dividend date is Wednesday, February 26th. This represents a $1.96 annualized dividend and a dividend yield of 5.17%. Avista’s dividend payout ratio is 75.70%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut their price objective on Avista from $40.00 to $39.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th.

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.