Avista (AVA) Set to Announce Earnings on Wednesday

Avista (NYSE:AVA) will post its quarterly earnings results before the market opens on Wednesday, May 1st. Avista has set its FY 2024 guidance at 2.360-2.560 EPS and its FY24 guidance at $2.36-2.56 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Avista (NYSE:AVA) last posted its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.06). Avista had a return on equity of 7.07% and a net margin of 9.77%. The business had revenue of $504.40 million for the quarter, compared to analyst estimates of $545.78 million. During the same quarter in the prior year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts expect Avista to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Avista Trading Up 0.6 %

Avista stock opened at $35.56 on Wednesday. Avista has a one year low of $30.53 and a one year high of $44.83. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 15.95 and a beta of 0.50. The firm has a 50-day moving average of $34.07 and a 200-day moving average of $34.17. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.85 and a quick ratio of 0.65.

Avista Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were paid a $0.475 dividend. This is an increase from Avista’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a yield of 5.34%. The ex-dividend date was Thursday, February 22nd. Avista’s dividend payout ratio (DPR) is 85.20%.

Analyst Ratings Changes

AVA has been the subject of several recent analyst reports. Guggenheim upgraded shares of Avista from a “sell” rating to a “neutral” rating and set a $34.00 target price for the company in a research note on Monday, January 22nd. StockNews.com upgraded shares of Avista from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $33.50.

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.