Avista (NYSE:AVA) Issues FY 2019 Earnings Guidance

Avista (NYSE:AVA) updated its FY 2019 earnings guidance on Wednesday. The company provided EPS guidance of $2.83-3.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.90. Avista also updated its FY19 guidance to $2.83-3.03 EPS.

A number of equities research analysts recently weighed in on the company. KeyCorp restated an underweight rating and set a $35.00 price objective on shares of Avista in a research report on Wednesday, June 5th. Bank of America assumed coverage on Avista in a research report on Thursday, May 9th. They set an underperform rating and a $43.00 price objective on the stock. Zacks Investment Research lowered Avista from a buy rating to a hold rating in a research report on Tuesday. TheStreet upgraded Avista from a c+ rating to a b- rating in a research report on Monday, June 10th. Finally, ValuEngine upgraded Avista from a hold rating to a buy rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $41.60.

AVA stock traded down $0.12 during midday trading on Friday, reaching $46.13. 233,659 shares of the stock were exchanged, compared to its average volume of 360,430. The company has a market cap of $3.00 billion, a PE ratio of 21.86, a PEG ratio of 7.14 and a beta of 0.41. Avista has a 52 week low of $39.75 and a 52 week high of $52.70. The company has a quick ratio of 0.54, a current ratio of 0.64 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average of $45.27.

Avista (NYSE:AVA) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $300.81 million for the quarter, compared to analyst estimates of $315.08 million. Avista had a return on equity of 6.43% and a net margin of 14.43%. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, sell-side analysts expect that Avista will post 1.92 EPS for the current year.

In other Avista news, VP Kevin J. Christie sold 780 shares of Avista stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $41.78, for a total transaction of $32,588.40. Following the transaction, the vice president now directly owns 9,229 shares of the company’s stock, valued at approximately $385,587.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Heidi B. Stanley sold 2,000 shares of Avista stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $41.92, for a total value of $83,840.00. Following the transaction, the director now directly owns 12,291 shares in the company, valued at $515,238.72. The disclosure for this sale can be found here. Insiders have sold a total of 36,236 shares of company stock worth $1,596,374 over the last ninety days. Company insiders own 1.10% of the company’s stock.

About Avista

Avista Corporation operates as an electric and natural gas utility company. It operates through 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.

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Earnings History and Estimates for Avista (NYSE:AVA)

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