Avista (NYSE:AVA) Issues FY19 Earnings Guidance

Avista (NYSE:AVA) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.83-3.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.91. Avista also updated its FY 2019 guidance to $2.83-3.03 EPS.

AVA traded down $0.12 during trading on Friday, hitting $46.13. 233,659 shares of the company traded hands, compared to its average volume of 360,430. The company has a market cap of $3.00 billion, a P/E ratio of 21.86, a PEG ratio of 7.14 and a beta of 0.41. The stock has a 50-day moving average price of $45.27. Avista has a 1 year low of $39.75 and a 1 year high of $52.70. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.54 and a current ratio of 0.64.

Avista (NYSE:AVA) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The company had revenue of $300.81 million during the quarter, compared to analysts’ expectations of $315.08 million. Avista had a net margin of 14.43% and a return on equity of 6.43%. During the same period last year, the company posted $0.39 earnings per share. Analysts anticipate that Avista will post 1.92 earnings per share for the current fiscal year.

AVA has been the subject of several research analyst reports. TheStreet raised shares of Avista from a c+ rating to a b- rating in a research note on Monday, June 10th. ValuEngine upgraded shares of Avista from a hold rating to a buy rating in a research report on Tuesday, July 2nd. Bank of America assumed coverage on shares of Avista in a research report on Thursday, May 9th. They set an underperform rating and a $43.00 price objective for the company. Zacks Investment Research lowered shares of Avista from a buy rating to a hold rating in a research report on Tuesday. Finally, KeyCorp reiterated an underweight rating and set a $35.00 price objective on shares of Avista in a research report on Wednesday, June 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $41.60.

In other news, Director Heidi B. Stanley sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $41.92, for a total value of $83,840.00. Following the completion of the sale, the director now owns 12,291 shares in the company, valued at approximately $515,238.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marian M. Durkin sold 10,004 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $44.11, for a total transaction of $441,276.44. Following the completion of the sale, the insider now owns 78,451 shares of the company’s stock, valued at approximately $3,460,473.61. The disclosure for this sale can be found here. Insiders sold a total of 36,236 shares of company stock valued at $1,596,374 in the last 90 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.

See Also: Inflation

Earnings History and Estimates for Avista (NYSE:AVA)

Receive News & Ratings for Avista Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avista and related companies with MarketBeat.com's FREE daily email newsletter.