Media stories about El Paso Electric (NYSE:EE) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. El Paso Electric earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 45.523726539663 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of El Paso Electric (NYSE:EE) traded up $0.55 during trading on Tuesday, hitting $60.45. 257,248 shares of the company’s stock were exchanged, compared to its average volume of 193,287. The firm has a market capitalization of $2,450.00, a P/E ratio of 25.08, a P/E/G ratio of 4.40 and a beta of 0.47. El Paso Electric has a 1-year low of $44.55 and a 1-year high of $60.70. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.47 and a current ratio of 0.63.
El Paso Electric (NYSE:EE) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.23). The firm had revenue of $297.47 million during the quarter, compared to analyst estimates of $310.00 million. El Paso Electric had a return on equity of 8.44% and a net margin of 10.13%. The company’s revenue was down 8.0% on a year-over-year basis. During the same quarter last year, the company posted $1.84 EPS. sell-side analysts expect that El Paso Electric will post 2.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.335 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.34 annualized dividend and a dividend yield of 2.22%. El Paso Electric’s dividend payout ratio (DPR) is presently 56.07%.
Several equities research analysts have commented on EE shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $56.00 price target (up from $55.00) on shares of El Paso Electric in a report on Friday, August 11th. Zacks Investment Research upgraded shares of El Paso Electric from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Mizuho began coverage on shares of El Paso Electric in a research report on Thursday, August 17th. They issued a “neutral” rating and a $55.00 price objective for the company. BidaskClub upgraded shares of El Paso Electric from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Finally, ValuEngine upgraded shares of El Paso Electric from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. El Paso Electric has a consensus rating of “Hold” and a consensus target price of $56.60.
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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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