Trade-Ideas LLC identified Empire District Electric ( EDE) as a new lifetime high 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 $7.8 million.
  • EDE has traded 51,429 shares today.
  • EDE is trading at a new lifetime high.

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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 through three segments: Electric, Gas, and Other. The stock currently has a dividend yield of 3.1%. EDE has a PE ratio of 26. Currently there are no analysts that rate Empire District Electric a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Empire District Electric has been 280,000 shares per day over the past 30 days. Empire District Electric has a market cap of $1.5 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.08 and a short float of 4.4% with 8.39 days to cover. Shares are up 20.7% year-to-date as of the close of trading on Thursday.

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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 expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:
  • 37.38% 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 9.25% trails the industry average.
  • Compared to its closing price of one year ago, EDE's share price has jumped by 41.94%, exceeding the performance of the broader market during that same time frame. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • EMPIRE DISTRICT ELECTRIC CO's earnings per share declined by 5.9% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past two years. However, we anticipate this trend to reverse over the coming year. During the past fiscal year, EMPIRE DISTRICT ELECTRIC CO reported lower earnings of $1.30 versus $1.55 in the prior year. This year, the market expects an improvement in earnings ($1.45 versus $1.30).
  • EDE, with its decline in revenue, slightly underperformed the industry average of 7.8%. Since the same quarter one year prior, revenues slightly dropped by 8.0%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • The change in net income from the same quarter one year ago has exceeded that of the S&P 500 and the Electric Utilities industry average. The net income has decreased by 4.3% when compared to the same quarter one year ago, dropping from $14.64 million to $14.01 million.

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