Zacks Research Brokers Reduce Earnings Estimates for IDACORP

IDACORP, Inc. (NYSE:IDA) – Investment analysts at Zacks Research dropped their Q2 2025 earnings per share (EPS) estimates for IDACORP in a research note issued to investors on Thursday, March 13th. Zacks Research analyst R. Department now forecasts that the energy company will post earnings per share of $1.65 for the quarter, down from their prior estimate of $1.70. The consensus estimate for IDACORP’s current full-year earnings is $5.81 per share. Zacks Research also issued estimates for IDACORP’s Q3 2025 earnings at $2.30 EPS, Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $5.83 EPS, Q2 2026 earnings at $1.74 EPS, Q3 2026 earnings at $2.59 EPS and FY2026 earnings at $6.46 EPS.

Other research analysts also recently issued research reports about the stock. Morgan Stanley upped their price target on shares of IDACORP from $110.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Bank of America raised their price target on shares of IDACORP from $119.00 to $127.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Guggenheim raised IDACORP from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Jefferies Financial Group lowered their target price on IDACORP from $129.00 to $118.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, IDACORP presently has a consensus rating of “Hold” and a consensus target price of $118.20.

IDACORP Trading Up 0.9 %

Shares of IDA opened at $116.05 on Monday. The stock has a fifty day moving average price of $111.52 and a two-hundred day moving average price of $109.41. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.34 and a current ratio of 1.70. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.32 and a beta of 0.59. IDACORP has a 52-week low of $88.70 and a 52-week high of $120.42.

IDACORP (NYSE:IDA) last released its quarterly earnings results on Thursday, February 20th. The energy company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $398.13 million for the quarter, compared to analyst estimates of $403.21 million. IDACORP had a net margin of 15.83% and a return on equity of 9.23%.

IDACORP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th were given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Wednesday, February 5th. IDACORP’s dividend payout ratio is currently 62.77%.

Hedge Funds Weigh In On IDACORP

Several institutional investors and hedge funds have recently modified their holdings of the business. Legacy Investment Solutions LLC acquired a new position in shares of IDACORP in the third quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB increased its holdings in IDACORP by 98.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 242 shares of the energy company’s stock worth $26,000 after purchasing an additional 120 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of IDACORP by 2,150.0% in the 4th quarter. Versant Capital Management Inc now owns 315 shares of the energy company’s stock valued at $34,000 after purchasing an additional 301 shares during the period. Independence Bank of Kentucky boosted its position in shares of IDACORP by 123.6% during the fourth quarter. Independence Bank of Kentucky now owns 407 shares of the energy company’s stock worth $44,000 after buying an additional 225 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of IDACORP during the fourth quarter worth about $45,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

IDACORP Company Profile

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.