El Paso Electric (NYSE:EE) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.30-$2.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.63.
Several equities research analysts have recently weighed in on the stock. Bank of America cut shares of El Paso Electric from a buy rating to a neutral rating and set a $62.00 target price for the company. in a research report on Wednesday, November 22nd. Mizuho reaffirmed a hold rating and issued a $54.00 price target on shares of El Paso Electric in a report on Wednesday, January 10th. ValuEngine cut shares of El Paso Electric from a buy rating to a hold rating in a report on Tuesday, December 26th. Finally, Zacks Investment Research lowered shares of El Paso Electric from a hold rating to a sell rating in a research note on Monday, December 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. El Paso Electric presently has an average rating of Hold and a consensus target price of $58.50.
El Paso Electric (EE) opened at $48.35 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.50 and a quick ratio of 0.33. The firm has a market cap of $1,978.16, a PE ratio of 20.10, a PEG ratio of 3.70 and a beta of 0.43. El Paso Electric has a 52 week low of $47.95 and a 52 week high of $61.15.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 2.77%. The ex-dividend date is Thursday, March 15th. El Paso Electric’s dividend payout ratio (DPR) is presently 55.37%.
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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