Avista (AVA) Set to Announce Quarterly Earnings on Wednesday

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Avista (NYSE:AVA) will be releasing its earnings data before the market opens on Wednesday, August 7th. Analysts expect Avista to post earnings of $0.33 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

NYSE AVA opened at $45.18 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.64 and a quick ratio of 0.54. The firm has a fifty day moving average of $45.14. The stock has a market cap of $2.99 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 7.11 and a beta of 0.41. Avista has a 12 month low of $39.75 and a 12 month high of $52.70.

In other news, Director Heidi B. Stanley sold 2,000 shares of the firm’s stock in a transaction on 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 can be accessed through this hyperlink. Also, Chairman Scott L. Morris sold 23,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $44.33, for a total transaction of $1,019,590.00. Following the completion of the sale, the chairman now owns 198,865 shares of the company’s stock, valued at approximately $8,815,685.45. The disclosure for this sale can be found here. Insiders have sold a total of 36,236 shares of company stock worth $1,596,374 over the last three months. 1.10% of the stock is currently owned by insiders.

A number of research firms recently commented on AVA. Zacks Investment Research raised shares of Avista from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Monday, July 22nd. ValuEngine raised shares of Avista from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. TheStreet raised shares of Avista from a “c+” rating to a “b-” rating in a research report on Monday, June 10th. Bank of America started coverage on shares of Avista in a research report on Thursday, May 9th. They set an “underperform” rating and a $43.00 price objective on the stock. Finally, KeyCorp reissued 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, two have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $41.60.

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.

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Earnings History for Avista (NYSE:AVA)

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