Avista (AVA) to Release Quarterly Earnings on Wednesday

Avista (NYSE:AVA) is anticipated to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.86 per share and revenue of $487.48 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Avista Price Performance

AVA stock opened at $38.26 on Tuesday. The stock has a 50-day moving average price of $36.62 and a two-hundred day moving average price of $37.55. The stock has a market cap of $3.03 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 2.53 and a beta of 0.49. The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 1.05. Avista has a 1 year low of $32.70 and a 1 year high of $39.99.

Avista Increases Dividend

The company 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 represents a $1.96 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date is Wednesday, February 26th. This is a boost from Avista’s previous quarterly dividend of $0.48. Avista’s dividend payout ratio is 75.70%.

Analyst Ratings Changes

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 report 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.