El Paso Electric Company (EE) Scheduled to Post Quarterly Earnings on Wednesday
El Paso Electric Company (NYSE:EE) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $1.70 per share for the quarter.
El Paso Electric (NYSE:EE) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.14. El Paso Electric had a net margin of 11.45% and a return on equity of 9.95%. The firm had revenue of $251.84 million during the quarter. During the same period in the previous year, the business posted $0.55 EPS. On average, analysts expect El Paso Electric to post $2.55 EPS for the current fiscal year and $2.72 EPS for the next fiscal year.
El Paso Electric Company (NYSE EE) opened at 57.45 on Wednesday. El Paso Electric Company has a one year low of $43.50 and a one year high of $58.70. The company has a market cap of $2.33 billion, a P/E ratio of 20.76 and a beta of 0.47. The company has a 50 day moving average of $56.15 and a 200-day moving average of $53.56.
Several research firms have recently weighed in on EE. Jefferies Group LLC cut shares of El Paso Electric from a “hold” rating to an “underperform” rating in a research note on Monday, October 16th. Bank of America Corporation began coverage on shares of El Paso Electric in a report on Tuesday. They set a “buy” rating and a $62.00 target price on the stock. BidaskClub upgraded shares of El Paso Electric from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Mizuho initiated coverage on shares of El Paso Electric in a report on Thursday, August 17th. They set a “neutral” rating and a $55.00 target price on the stock. Finally, Zacks Investment Research raised shares of El Paso Electric from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $56.80.
About El Paso Electric
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).
Receive News & Ratings for El Paso Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Paso Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.