Avista (NYSE:AVA) Issues FY 2024 Earnings Guidance

Avista (NYSE:AVA) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 2.360-2.560 for the period, compared to the consensus EPS estimate of 2.440. The company issued revenue guidance of -. Avista also updated its FY24 guidance to $2.36-2.56 EPS.

Avista Price Performance

Shares of NYSE AVA traded down $0.34 during mid-day trading on Wednesday, reaching $37.83. The company had a trading volume of 206,912 shares, compared to its average volume of 537,382. The company has a current ratio of 0.97, a quick ratio of 0.69 and a debt-to-equity ratio of 1.05. The stock has a market cap of $2.96 billion, a PE ratio of 15.68 and a beta of 0.46. The company has a 50-day moving average price of $35.94 and a two-hundred day moving average price of $35.23. Avista has a 1-year low of $30.53 and a 1-year high of $39.99.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AVA shares. StockNews.com upgraded Avista from a sell rating to a hold rating in a report on Friday, May 10th. Mizuho upgraded Avista from an underperform rating to a neutral rating and lifted their target price for the stock from $32.00 to $36.00 in a report on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $35.00.

Insider Buying and Selling at Avista

In other Avista news, CEO Jason R. Thackston sold 2,500 shares of Avista stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $36.98, for a total transaction of $92,450.00. Following the sale, the chief executive officer now directly owns 32,506 shares of the company’s stock, valued at $1,202,071.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Avista news, CEO Jason R. Thackston sold 2,500 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $36.98, for a total transaction of $92,450.00. Following the transaction, the chief executive officer now owns 32,506 shares of the company’s stock, valued at approximately $1,202,071.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Latisha Diane Hill sold 1,700 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $36.21, for a total transaction of $61,557.00. Following the sale, the vice president now owns 11,085 shares of the company’s stock, valued at approximately $401,387.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,916 shares of company stock valued at $215,268. 0.96% of the stock is currently owned by corporate insiders.

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.