El Paso Electric (EE) Earning Somewhat Positive Media Coverage, Study Finds

Media stories about El Paso Electric (NYSE:EE) have been trending somewhat positive on Sunday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. El Paso Electric earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 46.6626000021285 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several analysts recently weighed in on the company. Zacks Investment Research raised El Paso Electric from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Mizuho reissued a “hold” rating and set a $54.00 price target on shares of El Paso Electric in a report on Wednesday, January 10th. Finally, ValuEngine cut El Paso Electric from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $58.50.

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El Paso Electric stock opened at $48.85 on Friday. The firm has a market capitalization of $2,022.89, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 3.78 and a beta of 0.43. The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 1.05. El Paso Electric has a fifty-two week low of $48.05 and a fifty-two week high of $61.15.

El Paso Electric (NYSE:EE) last announced its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.06). The company had revenue of $196.10 million during the quarter, compared to analyst estimates of $234.32 million. El Paso Electric had a net margin of 10.13% and a return on equity of 8.39%. El Paso Electric’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. equities research analysts anticipate that El Paso Electric will post 2.58 earnings per share for the current fiscal year.

The business also recently disclosed 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. The ex-dividend date is Thursday, March 15th. This represents a $1.34 annualized dividend and a yield of 2.74%. El Paso Electric’s dividend payout ratio is presently 55.37%.

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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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