El Paso Electric (NYSE:EE) issued its quarterly earnings data on Tuesday. The utilities provider reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.06), Bloomberg Earnings reports. El Paso Electric had a net margin of 10.13% and a return on equity of 8.48%. The company had revenue of $196.10 million during the quarter, compared to the consensus estimate of $234.32 million. During the same period in the previous year, the business posted $0.14 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. El Paso Electric updated its FY18 guidance to $2.30-$2.65 EPS.
Shares of El Paso Electric (NYSE:EE) opened at $48.60 on Thursday. The stock has a market capitalization of $1,991.03, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 3.89 and a beta of 0.37. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 1.05. El Paso Electric has a fifty-two week low of $47.35 and a fifty-two week high of $61.15.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, March 15th. El Paso Electric’s dividend payout ratio (DPR) is currently 55.37%.
A number of brokerages recently weighed in on EE. Zacks Investment Research raised El Paso Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Mizuho reissued a “hold” rating and issued a $54.00 price objective on shares of El Paso Electric in a research note on Wednesday, January 10th. ValuEngine downgraded El Paso Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Bank of America downgraded El Paso Electric from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. El Paso Electric has a consensus rating of “Hold” and a consensus price target of $58.50.
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About El Paso Electric
El Paso Electric Company is a public utility company. As of December 31, 2016, the Company was engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. As of December 31, 2016, the Company owned or had ownership interests in several electrical generating facilities providing it with a generating capability of approximately 2,080 megawatts (MW).
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