El Paso Electric (EE) to Release Quarterly Earnings on Thursday

El Paso Electric (NYSE:EE) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 1st.

El Paso Electric (NYSE:EE) last issued its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.12). El Paso Electric had a net margin of 10.21% and a return on equity of 8.12%. The firm had revenue of $236.80 million for the quarter. During the same quarter in the previous year, the business posted $0.89 EPS. On average, analysts expect El Paso Electric to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of EE stock opened at $57.50 on Wednesday. El Paso Electric has a 1 year low of $48.05 and a 1 year high of $64.35. The firm has a market cap of $2.32 billion, a PE ratio of 23.76, a PEG ratio of 5.02 and a beta of 0.34. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.61 and a current ratio of 0.84.

Several equities research analysts have recently weighed in on EE shares. Mizuho reissued a “hold” rating and set a $58.00 price objective on shares of El Paso Electric in a research note on Friday, July 20th. Zacks Investment Research lowered El Paso Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, ValuEngine lowered El Paso Electric from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $56.00.

About El Paso Electric

El Paso Electric Company, a public utility company, engages in the generation, transmission, and distribution of electricity in west Texas and southern New Mexico. It generates electricity through nuclear fuel, natural gas, and coal, as well as solar photovoltaic panels and wind turbines with a generating capability of approximately 2,082 megawatts.

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Earnings History for El Paso Electric (NYSE:EE)

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