Somewhat Positive Media Coverage Somewhat Unlikely to Impact El Paso Electric (EE) Share Price

Media coverage about El Paso Electric (NYSE:EE) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded 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 0.11 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 47.213037626937 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.

EE has been the topic of a number of research analyst reports. Zacks Investment Research cut El Paso Electric from a “hold” rating to a “sell” rating in a report on Monday, December 25th. ValuEngine cut El Paso Electric from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Mizuho reiterated a “hold” rating and issued a $54.00 target price on shares of El Paso Electric in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. El Paso Electric currently has a consensus rating of “Hold” and an average price target of $58.50.

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Shares of El Paso Electric stock opened at $49.75 on Thursday. El Paso Electric has a twelve month low of $48.05 and a twelve month high of $61.15. The firm has a market capitalization of $2,043.21, a P/E ratio of 20.56, a PEG ratio of 3.82 and a beta of 0.39. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.33 and a current ratio of 0.50.

El Paso Electric (NYSE:EE) last issued its earnings results on Tuesday, February 27th. The utilities provider reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.06). El Paso Electric had a net margin of 10.13% and a return on equity of 8.39%. The firm had revenue of $196.10 million during the quarter, compared to analyst estimates of $234.32 million. During the same quarter in the previous year, the business posted $0.14 EPS. El Paso Electric’s revenue was up 4.3% compared to the same quarter last year. equities research analysts predict that El Paso Electric will post 2.58 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Thursday, March 15th. El Paso Electric’s payout ratio is currently 55.37%.

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El Paso Electric Company Profile

El Paso Electric Company, a public utility company, engages in the generation, transmission, and distribution of electricity in west Texas and southern New Mexico. It generates electricity through nuclear fuel, natural gas, and coal, as well as solar photovoltaic panels and wind turbines with a generating capability of approximately 2,082 megawatts.

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