El Paso Electric (NYSE:EE) Issues Earnings Results, Misses Estimates By $0.14 EPS

El Paso Electric (NYSE:EE) announced its quarterly earnings results on Tuesday. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.14), Bloomberg Earnings reports. The business had revenue of $203.08 million during the quarter. El Paso Electric had a net margin of 10.39% and a return on equity of 7.79%.

NYSE EE traded down $0.23 on Friday, reaching $66.35. The stock had a trading volume of 40,342 shares, compared to its average volume of 191,260. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.37 and a current ratio of 0.52. El Paso Electric has a 12-month low of $47.99 and a 12-month high of $66.83. The company’s 50-day moving average is $66.03. The firm has a market capitalization of $2.71 billion, a PE ratio of 28.47, a P/E/G ratio of 4.61 and a beta of 0.57.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Friday, September 13th. El Paso Electric’s dividend payout ratio is currently 66.09%.



A number of hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Investments LP bought a new stake in El Paso Electric in the 4th quarter worth $739,000. Norges Bank bought a new stake in El Paso Electric in the 4th quarter worth $27,215,000. Geode Capital Management LLC grew its holdings in El Paso Electric by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 425,158 shares of the utilities provider’s stock worth $21,312,000 after acquiring an additional 25,821 shares during the last quarter. Deutsche Bank AG grew its holdings in El Paso Electric by 53.3% in the 4th quarter. Deutsche Bank AG now owns 142,074 shares of the utilities provider’s stock worth $7,119,000 after acquiring an additional 49,403 shares during the last quarter. Finally, Sageworth Trust Co boosted its stake in shares of El Paso Electric by 30.8% during the 1st quarter. Sageworth Trust Co now owns 785 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 94.68% of the company’s stock.

EE has been the subject of a number of research analyst reports. TheStreet raised El Paso Electric from a “c+” rating to a “b-” rating in a report on Wednesday, April 24th. ValuEngine upgraded El Paso Electric from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. Finally, Zacks Investment Research cut El Paso Electric from a “buy” rating to a “hold” rating in a research note on Monday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. El Paso Electric presently has a consensus rating of “Hold” and a consensus target price of $60.00.

El Paso Electric Company Profile

El Paso Electric Co engages in the generation, transmission, and distribution of electricity in West Texas and southern New Mexico. Its energy sources consist of nuclear fuel, natural gas, coal, wind turbines, and purchased power. The company’s electrical generating facilities include Palo Verde Station, Newman Power Station, Rio Grande Power Station, Four Corners Station, Copper Power Station, and Wind Ranch.

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Earnings History for El Paso Electric (NYSE:EE)

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