Brokerages expect El Paso Electric (NYSE:EE) to report earnings of $0.22 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for El Paso Electric’s earnings. El Paso Electric posted earnings of $0.14 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 57.1%. The firm is scheduled to report its next earnings results before the market opens on Tuesday, February 27th.
According to Zacks, analysts expect that El Paso Electric will report full-year earnings of $2.50 per share for the current year. For the next fiscal year, analysts forecast that the company will post earnings of $2.66 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover El Paso Electric.
A number of analysts recently commented on EE shares. Bank of America started coverage on shares of El Paso Electric in a research note on Tuesday, October 24th. They issued a “buy” rating and a $62.00 target price for the company. Mizuho reiterated a “hold” rating and issued a $55.00 target price on shares of El Paso Electric in a research note on Friday, October 27th. ValuEngine upgraded shares of El Paso Electric from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research cut shares of El Paso Electric from a “hold” rating to a “sell” rating in a research note on Monday, December 25th. One investment 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 stock presently has a consensus rating of “Hold” and a consensus price target of $58.50.
Shares of El Paso Electric (NYSE:EE) opened at $50.25 on Wednesday. The company has a market cap of $2,082.36, a P/E ratio of 20.94, a P/E/G ratio of 3.78 and a beta of 0.37. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.63 and a quick ratio of 0.47. El Paso Electric has a 12 month low of $46.45 and a 12 month high of $61.15.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Thursday, March 15th. El Paso Electric’s dividend payout ratio (DPR) is presently 55.83%.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.