Does Earnings Surprise History Hold Any Clue for Avista (NYSE:AVA)

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Earnings results for Avista (NYSE:AVA)

Avista Corporation is expected* to report earnings on 02/24/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.78. The reported EPS for the same quarter last year was $0.76.

Analyst Opinion on Avista (NYSE:AVA)

3 Wall Street analysts have issued ratings and price targets for Avista in the last 12 months. Their average twelve-month price target is $37.00, predicting that the stock has a possible downside of 3.72%. The high price target for AVA is $37.00 and the low price target for AVA is $37.00. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus rating of “Hold.”

Avista has received a consensus rating of Hold. The company’s average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $37.00, Avista has a forecasted downside of 3.7% from its current price of $38.43. Avista has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Avista (NYSE:AVA)

Avista is a leading dividend payer. It pays a dividend yield of 4.40%, putting its dividend yield in the top 25% of dividend-paying stocks. Avista has only been increasing its dividend for 1 years. The dividend payout ratio of Avista is 97.13%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Avista will have a dividend payout ratio of 82.44% in the coming year. This indicates that Avista may not be able to sustain their current dividend.

Insiders buying/selling: Avista (NYSE:AVA)

In the past three months, Avista insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $42,856.00 in company stock. Only 0.98% of the stock of Avista is held by insiders. 81.92% of the stock of Avista is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Avista (NYSE:AVA

Earnings for Avista are expected to grow by 11.41% in the coming year, from $1.84 to $2.05 per share. The P/E ratio of Avista is 21.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 33.32. The P/E ratio of Avista is 21.23, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 34.76. Avista has a PEG Ratio of 3.68. PEG Ratios above 1 indicate that a company could be overvalued. Avista has a P/B Ratio of 1.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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