Avista (NYSE:AVA) Issues Quarterly Earnings Results

Avista (NYSE:AVA) posted its quarterly earnings results on Wednesday. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.02), Zacks reports. Avista had a return on equity of 7.83% and a net margin of 10.24%. Avista updated its FY 2025 guidance to 2.520-2.720 EPS.

Avista Stock Up 3.4 %

Shares of AVA stock traded up $1.30 during trading on Wednesday, reaching $39.46. The company’s stock had a trading volume of 317,229 shares, compared to its average volume of 452,056. Avista has a one year low of $32.70 and a one year high of $40.17. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 2.56 and a beta of 0.49. The company has a quick ratio of 0.48, a current ratio of 0.75 and a debt-to-equity ratio of 1.05. The business has a fifty day moving average price of $36.65 and a 200-day moving average price of $37.55.

Avista Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.49 per share. This is an increase from Avista’s previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a yield of 4.97%. The ex-dividend date is Wednesday, February 26th. Avista’s dividend payout ratio (DPR) is 78.09%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered their target price on Avista from $40.00 to $39.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th.

About Avista

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.