Trade-Ideas LLC identified Empire District Electric ( EDE) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Empire District Electric as such a stock due to the following factors:

  • EDE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.3 million.
  • EDE traded 46,800 shares today in the pre-market hours as of 8:58 AM, representing 12.3% of its average daily volume.

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More details on EDE:

The Empire District Electric Company, together with its subsidiaries, generates, purchases, transmits, distributes, and sells electricity in Missouri, Kansas, Oklahoma, and Arkansas. It operates in three segments: Electric, Gas, and Other. The stock currently has a dividend yield of 3.6%. EDE has a PE ratio of 22. Currently there are 2 analysts that rate Empire District Electric a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Empire District Electric has been 395,100 shares per day over the past 30 days. Empire District Electric has a market cap of $1.3 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.17 and a short float of 3.5% with 3.46 days to cover. Shares are down 0.1% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Empire District Electric as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Electric Utilities industry average. The net income increased by 5.8% when compared to the same quarter one year prior, going from $23.89 million to $25.29 million.
  • Net operating cash flow has increased to $71.59 million or 34.24% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 0.56%.
  • 42.26% is the gross profit margin for EMPIRE DISTRICT ELECTRIC CO which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 14.89% trails the industry average.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 6.5%. Since the same quarter one year prior, revenues slightly dropped by 1.0%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • EMPIRE DISTRICT ELECTRIC CO has improved earnings per share by 5.5% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, EMPIRE DISTRICT ELECTRIC CO increased its bottom line by earning $1.55 versus $1.48 in the prior year. For the next year, the market is expecting a contraction of 11.0% in earnings ($1.38 versus $1.55).

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