Avista (NYSE:AVA) released its earnings results on Wednesday. The utilities provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08, Briefing.com reports. Avista had a return on equity of 5.96% and a net margin of 14.19%. During the same period in the previous year, the company earned $0.70 EPS. Avista updated its FY 2020
Pre-Market guidance to 1.95-2.15 EPS and its FY20 guidance to $1.95-2.15 EPS.
Shares of Avista stock traded up $0.44 during trading on Wednesday, hitting $49.49. 647,585 shares of the company’s stock traded hands, compared to its average volume of 341,752. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.62 and a quick ratio of 0.45. Avista has a 1 year low of $39.75 and a 1 year high of $52.43. The stock has a market capitalization of $3.37 billion, a P/E ratio of 16.95, a PEG ratio of 7.41 and a beta of 0.36. The business has a 50-day simple moving average of $50.11 and a 200-day simple moving average of $48.16.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 21st will be given a dividend of $0.405 per share. The ex-dividend date of this dividend is Thursday, February 20th. This is a boost from Avista’s previous quarterly dividend of $0.39. This represents a $1.62 annualized dividend and a dividend yield of 3.27%. Avista’s dividend payout ratio (DPR) is 76.78%.
AVA has been the topic of a number of recent research reports. ValuEngine cut Avista from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Guggenheim cut Avista from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 7th. Zacks Investment Research cut Avista from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, KeyCorp increased their price objective on Avista from $41.00 to $42.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. Avista has a consensus rating of “Sell” and an average target price of $45.25.
Avista Company Profile
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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