Brokerages Anticipate El Paso Electric (EE) to Announce $0.22 Earnings Per Share

Equities research analysts predict that El Paso Electric (NYSE:EE) will announce $0.22 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for El Paso Electric’s earnings. El Paso Electric reported earnings per share of $0.14 in the same quarter last year, which would indicate a positive year over year growth rate of 57.1%. The company is expected to issue its next quarterly earnings results before the market opens on Tuesday, February 27th.

On average, analysts expect that El Paso Electric will report full year earnings of $2.50 per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $2.66 per share. Zacks’ EPS averages are a mean average based on a survey of research firms that follow El Paso Electric.

EE has been the topic of several research reports. Bank of America initiated coverage on shares of El Paso Electric in a research note on Tuesday, October 24th. They set a “buy” rating and a $62.00 price objective on the stock. ValuEngine raised shares of El Paso Electric from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research raised shares of El Paso Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, Mizuho reissued a “hold” rating and set a $54.00 price objective on shares of El Paso Electric in a research note on Wednesday, January 10th. One 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’s stock. The company has a consensus rating of “Hold” and an average target price of $58.50.

Shares of El Paso Electric (NYSE EE) opened at $50.25 on Wednesday. El Paso Electric has a 52 week low of $46.45 and a 52 week high of $61.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.47 and a current ratio of 0.63. The company has a market cap of $2,082.36, a PE ratio of 20.94, a P/E/G ratio of 3.78 and a beta of 0.37.

The company 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. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.34 annualized dividend and a yield of 2.67%. El Paso Electric’s dividend payout ratio (DPR) is presently 55.83%.

Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new position in El Paso Electric in the third quarter worth about $179,000. Cubist Systematic Strategies LLC purchased a new position in El Paso Electric in the second quarter worth about $294,000. Dean Capital Investments Management LLC purchased a new position in El Paso Electric in the fourth quarter worth about $306,000. Sawgrass Asset Management LLC purchased a new position in El Paso Electric in the fourth quarter worth about $306,000. Finally, Koch Industries Inc. purchased a new position in El Paso Electric in the fourth quarter worth about $353,000. 97.92% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Brokerages Anticipate El Paso Electric (EE) to Announce $0.22 Earnings Per Share” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/02/21/brokerages-anticipate-el-paso-electric-ee-to-announce-0-22-earnings-per-share.html.

El Paso Electric Company Profile

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).

Get a free copy of the Zacks research report on El Paso Electric (EE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for El Paso Electric (NYSE:EE)

Receive News & Ratings for El Paso Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Paso Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply