Avista (NYSE:AVA) Issues Quarterly Earnings Results

Avista (NYSE:AVA) released its earnings results on Wednesday. The utilities provider reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.02), Zacks reports. Avista had a net margin of 10.24% and a return on equity of 7.83%. Avista updated its FY 2025 guidance to 2.520-2.720 EPS.

Avista Stock Performance

Shares of Avista stock traded up $1.37 during trading hours on Wednesday, reaching $39.53. The company had a trading volume of 275,498 shares, compared to its average volume of 451,063. The firm has a market cap of $3.13 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.56 and a beta of 0.49. Avista has a one year low of $32.70 and a one year high of $40.17. The business has a fifty day simple moving average of $36.62 and a 200 day simple moving average of $37.55. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.48.

Avista Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Wednesday, February 26th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.96%. This is an increase from Avista’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Wednesday, February 26th. Avista’s dividend payout ratio (DPR) is presently 78.09%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group cut their price objective on Avista from $40.00 to $39.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th.

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.