Equities Analysts Offer Predictions for Avista’s FY2019 Earnings (AVA)

Avista (NYSE:AVA) – KeyCorp issued their FY2019 earnings estimates for Avista in a report issued on Wednesday, April 18th. KeyCorp analyst P. Ridzon forecasts that the utilities provider will post earnings of $2.20 per share for the year.

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Avista (NYSE:AVA) last announced its earnings results on Wednesday, February 21st. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. The company had revenue of $397.90 million for the quarter, compared to analyst estimates of $380.39 million. Avista had a return on equity of 7.72% and a net margin of 8.02%. Avista’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 earnings per share.

A number of other equities research analysts have also issued reports on AVA. Williams Capital reaffirmed a “sell” rating and set a $40.00 target price (down from $42.00) on shares of Avista in a research report on Thursday, February 22nd. ValuEngine lowered Avista from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Avista has an average rating of “Hold” and an average price target of $50.67.

Shares of Avista stock opened at $52.13 on Monday. The firm has a market cap of $3,407.41, a PE ratio of 26.65 and a beta of 0.30. The company has a current ratio of 0.48, a quick ratio of 0.40 and a debt-to-equity ratio of 0.89. Avista has a 12-month low of $39.77 and a 12-month high of $52.83.

Several institutional investors have recently made changes to their positions in the company. Vident Investment Advisory LLC purchased a new position in shares of Avista during the fourth quarter valued at $262,000. Parametric Portfolio Associates LLC grew its holdings in shares of Avista by 0.6% during the third quarter. Parametric Portfolio Associates LLC now owns 364,379 shares of the utilities provider’s stock valued at $18,864,000 after buying an additional 2,130 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Avista by 2.3% during the fourth quarter. Aperio Group LLC now owns 128,267 shares of the utilities provider’s stock valued at $6,604,000 after buying an additional 2,891 shares in the last quarter. Swiss National Bank grew its holdings in shares of Avista by 2.0% during the fourth quarter. Swiss National Bank now owns 109,700 shares of the utilities provider’s stock valued at $5,648,000 after buying an additional 2,100 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Avista by 3.7% during the third quarter. California Public Employees Retirement System now owns 158,171 shares of the utilities provider’s stock valued at $8,189,000 after buying an additional 5,591 shares in the last quarter. 81.28% of the stock is currently owned by institutional investors.

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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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