Avista (NYSE:AVA) Issues FY 2024 Earnings Guidance

Avista (NYSE:AVA) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.360-2.560 for the period, compared to the consensus EPS estimate of 2.440. The company issued revenue guidance of -. Avista also updated its FY24 guidance to $2.36-2.56 EPS.

Avista Stock Down 0.9 %

Avista stock traded down $0.34 during trading hours on Wednesday, reaching $37.83. The stock had a trading volume of 206,912 shares, compared to its average volume of 537,382. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 15.68 and a beta of 0.46. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.97 and a quick ratio of 0.69. The business’s 50 day moving average price is $35.94 and its 200-day moving average price is $35.23. Avista has a 52 week low of $30.53 and a 52 week high of $39.99.

Analyst Ratings Changes

AVA has been the topic of a number of research analyst reports. StockNews.com upgraded Avista from a sell rating to a hold rating in a research note on Friday, May 10th. Mizuho raised Avista from an underperform rating to a neutral rating and boosted their price target for the company from $32.00 to $36.00 in a report on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $35.00.

Insider Transactions at Avista

In related news, SVP Bryan Alden Cox sold 1,716 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $35.70, for a total value of $61,261.20. Following the completion of the transaction, the senior vice president now directly owns 7,196 shares of the company’s stock, valued at approximately $256,897.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Avista news, SVP Bryan Alden Cox sold 1,716 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $35.70, for a total value of $61,261.20. Following the completion of the sale, the senior vice president now directly owns 7,196 shares in the company, valued at approximately $256,897.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Latisha Diane Hill sold 1,700 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $36.21, for a total value of $61,557.00. Following the completion of the sale, the vice president now owns 11,085 shares of the company’s stock, valued at $401,387.85. The disclosure for this sale can be found here. Insiders sold a total of 5,916 shares of company stock valued at $215,268 in the last three months. 0.96% of the stock is currently owned by company insiders.

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.