El Paso Electric Co. (EE) Issues FY14 Earnings Guidance
El Paso Electric Co. (NYSE:EE) issued an update on its FY14 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.10-2.50 for the period, compared to the Thomson Reuters consensus estimate of $2.46, Analyst RN reports.
El Paso Electric Co. (NYSE:EE) opened at 36.91 on Monday. El Paso Electric Co. has a 1-year low of $32.26 and a 1-year high of $39.12. The stock’s 50-day moving average is $35.69 and its 200-day moving average is $34.88. The company has a market cap of $1.486 billion and a price-to-earnings ratio of 16.00.
El Paso Electric (NYSE:EE) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.12 by $0.09. The company had revenue of $122.50 million for the quarter, compared to the consensus estimate of $125.90 million. On average, analysts predict that El Paso Electric Co. will post $2.30 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Wednesday, March 12th.
A number of research firms have recently commented on EE. 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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