IDACORP (IDA) Getting Somewhat Negative Press Coverage, Report Shows

IDACORP (IDA) Getting Somewhat Negative Press Coverage, Report Shows

News articles about IDACORP (NYSE:IDA) have been trending somewhat negative on Friday, AlphaOne Sentiment reports. The research group, a division of Accern, ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. IDACORP earned a coverage optimism score of -0.04 on AlphaOne’s scale. AlphaOne also assigned news coverage about the coal producer an impact score of 33 out of 100, meaning that recent press coverage is unlikely to have an impact on the stock’s share price in the immediate future.

Separately, Zacks Investment Research lowered shares of IDACORP from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th.

Shares of IDACORP (NYSE IDA) traded up 1.25% during trading on Friday, hitting $89.38. 185,875 shares of the stock traded hands. The stock has a 50 day moving average price of $84.74 and a 200-day moving average price of $81.27. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 21.86 and a beta of 0.49. IDACORP has a 1-year low of $72.93 and a 1-year high of $89.58.

IDACORP (NYSE:IDA) last announced its quarterly earnings data on Thursday, May 4th. The coal producer reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.10. IDACORP had a return on equity of 9.41% and a net margin of 15.71%. The business had revenue of $302.54 million for the quarter. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Equities analysts forecast that IDACORP will post $3.99 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 30th. Investors of record on Friday, May 5th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Wednesday, May 3rd. IDACORP’s dividend payout ratio is currently 56.27%.

In related news, CFO Steven R. Keen sold 2,966 shares of the business’s stock in a transaction dated Thursday, March 23rd. The stock was sold at an average price of $83.04, for a total value of $246,296.64. Following the sale, the chief financial officer now directly owns 21,686 shares in the company, valued at approximately $1,800,805.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

IDACORP Company Profile

IDACORP, Inc is a holding company. The Company’s principal operating subsidiary is Idaho Power Company (Idaho Power). The Company’s segment is utility operations. The utility operations segment’s primary source of revenue is the regulated operations of Idaho Power. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “IDA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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