El Paso Electric (EE) to Release Quarterly Earnings on Monday
El Paso Electric (NYSE:EE) will announce its Q413 earnings results on Monday, February 24th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $178.72 million for the quarter.
Shares of El Paso Electric (NYSE:EE) opened at 36.65 on Friday. El Paso Electric has a 52-week low of $32.26 and a 52-week high of $39.12. The stock has a 50-day moving average of $35.62 and a 200-day moving average of $34.89. The company has a market cap of $1.475 billion and a P/E ratio of 15.70.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, March 12th.
A number of analysts have recently weighed in on EE shares. Analysts at Goldman Sachs downgraded shares of El Paso Electric from a “neutral” rating to a “sell” rating in a research note on Monday, January 13th. Analysts at Jefferies Group downgraded shares of El Paso Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. They now have a $37.00 price target on the stock, down previously from $40.00.
El Paso Electric Company is 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.
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