El Paso Electric (EE) Releases Quarterly Earnings Results
El Paso Electric (NYSE:EE) issued its quarterly earnings data on Monday. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.12 by $0.09, Analyst RN reports. The company had revenue of $122.50 million for the quarter, compared to the consensus estimate of $125.90 million.
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 (NYSE:EE) opened at 36.91 on Monday. El Paso Electric has a 52 week low of $32.26 and a 52 week 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.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Stockholders 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.
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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