Intraday Mover: El Paso Electric Company (NYSE: EE)

EL PASO, Texas, November 19, 2019 – Shares of El Paso Electric Company (NYSE: EE) lost -0.40% to $66.75. The stock grabbed the investor’s attention and traded 475.462K shares as compared to its average daily volume of 227.73K shares. The stock’s institutional ownership stands at 96.50%.

For the second quarter of 2019, El Paso Electric Company (NYSE: EE) reported net income of $26.10M, or $0.64 basic and diluted earnings per share. In the second quarter of 2018, EE reported net income of $33.30M, or $0.82 basic and diluted earnings per share.

For the six months ended June 30, 2019, EE reported net income of $32.20M, or $0.79 basic and diluted earnings per share. Net income for the six months ended June 30, 2018, was $26.30M, or $0.65 basic and diluted earnings per share.

Non-GAAP Financial Measures:

For the second quarter of 2019, EE reported adjusted net income of $21.90M, or $0.54 adjusted basic earnings per share. In the second quarter of 2018, EE reported adjusted net income of $30.80M, or $0.76 adjusted basic earnings per share. Adjusted net income and adjusted basic earnings per share, both non-GAAP financial measures, exclude the impact of changes in the fair value of equity securities and realized gains (losses) from the sale of both equity and fixed income securities.

For the six months ended June 30, 2019, EE reported adjusted net income of $15.20M, or $0.37 adjusted basic earnings per share. In the six months ended June 30, 2018, EE reported adjusted net income of $25.90M, or $0.64 adjusted basic earnings per share.

EE has a market value of $2.73B while its EPS was booked as $2.32 in the last 12 months. The stock has 40.90M shares outstanding. In the profitability analysis, the company has net profit margin of 13.40%. Beta value of the company was 0.54; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 3.70.

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