IDACORP's (NYSE:IDA) Returns Have Hit A Wall [Yahoo! Finance]
IDACORP, Inc. (IDA)
Last idacorp, inc. earnings: 8/1 06:30 am
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US:NYSE Investor Relations:
idacorpinc.com/investor-relations
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Source: Yahoo! Finance
One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. However, after investigating IDACORP NYSE:IDA ), we don't think it's current trends fit the mold of a multi-bagger. What Is Return On Capital Employed (ROCE)? If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for IDACORP: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.037 = US$320m ÷ (US$9.2b - US$701m) (Based on the trailing twelve months to December 2024) Thus, IDACORP has an ROCE of 3.7%. In absolute terms, that's a low return and it also under-performs the Electric
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- IDACORP (NYSE:IDA) was given a new $129.00 price target on by analysts at UBS Group AG.MarketBeat
- IDACORP (NYSE:IDA) was given a new $139.00 price target on by analysts at Morgan Stanley. They now have an "overweight" rating on the stock.MarketBeat
- IDACORP (NYSE:IDA) had its "neutral" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- IDACORP (NYSE:IDA) had its "buy" rating reaffirmed by analysts at Jefferies Financial Group Inc..MarketBeat
- IDACORP (NYSE:IDA) was given a new $137.00 price target on by analysts at Morgan Stanley.MarketBeat