News coverage about El Paso Electric (NYSE:EE) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. El Paso Electric earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 45.951880605816 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
El Paso Electric (NYSE:EE) opened at $48.50 on Friday. El Paso Electric has a 1-year low of $47.65 and a 1-year high of $61.15. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $1,982.22, a PE ratio of 20.04, a P/E/G ratio of 3.70 and a beta of 0.43.
El Paso Electric (NYSE:EE) last posted its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The business had revenue of $196.10 million for the quarter, compared to the consensus estimate of $234.32 million. El Paso Electric had a return on equity of 8.39% and a net margin of 10.13%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. analysts forecast that El Paso Electric will post 2.58 EPS for the current fiscal year.
A number of equities analysts recently commented on EE shares. Zacks Investment Research upgraded El Paso Electric from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. ValuEngine cut El Paso Electric from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Mizuho reiterated a “hold” rating and set a $54.00 price target on shares of El Paso Electric in a report on Wednesday, January 10th. Finally, Bank of America cut El Paso Electric from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $58.50.
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).
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