Home News Present Movement: IDACORP (NYSE: IDA)

Present Movement: IDACORP (NYSE: IDA)


IDACORP is in the regulated utilities industry and is in the utilities sector. The company CEO is Darrel T. Anderson. Idacorp Inc is engaged in the generation, transmission, distribution, sale and purchase of electric energy regulated by the state regulatory commissions and the FERC. The company’s segment is utility operations.

Previous Intraday Trading Performance:

The IDA stock showed a previous change of 0.19% with an open at 101.35 and a close of 101.58. It reached an intraday high of 101.66 and a low of 99.72.

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The stock has a market cap of $5.1b with 50.4m shares outstanding, of which the float is 49.7m shares. Trading volume reached 473,750 shares compared to its average volume of 270,167 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, IDACORP shares returned 0.99% and in the past 30 trading days it returned 5.46%. Over three months, it changed 2.66%. In one year it has changed 17.06% and within that year its 52-week high was 104.70 and its 52-week low was 85.23. IDA stock is 19.18% above its 52 Week Low.

Our calculations show a 200 day moving average of 97.07 and a 50 day moving average of 99.58. Currently IDA stock is trading 4.65% above its 200 day moving average and may be a good opportunity to buy.

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The last annual fiscal EPS for the company was reported at 4.49 that ended on 31st of December 2018, which according to the previous close, that is a PE of 22.62. Based on 2 analyst estimates, the consensus EPS for the next quarter is 0.70. The TTM EPS is 4.49, which comes to a TTM PE of 22.62. Historically, the PE high was 25.40 and the PE low was 13.80. If the stock reached its PE low, that would represent a price of 61.97, which is a decrease of -38.99%.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/02/2019): 0.84
4thQtr of 2018 (Reported on 02/21/2019): 0.52
3rdQtr of 2018 (Reported on 11/01/2018): 2.02
2ndQtr of 2018 (Reported on 08/02/2018): 1.23
1stQtr of 2018 (Reported on 05/03/2018): 0.72

The dividend per share is currently 2.52, which is a dividend yield of 2.48%. Also, the payout ratio is 56.12%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 81.58, which means it may be overvalued by -24.52%.

Indicators to Watch:

Short-interest was 893,632, which was 1.77% of shares outstanding. The short-interest ratio or days-to-cover ratio was 3.49. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.34.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 10.52%, return on assets is 3.86%, profit margin is 16.60%, price-to-sales is 3.63 and price-to-book is 2.15.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 3  :Past Performance Score
 4  :Financial Strength Score
 0  :Future Growth Score
 4  :Dividend Score
 2  :Overall Score

Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.