PNM Resources Inc. (PNM) Issues FY13 Earnings Guidance
PNM Resources Inc. (NYSE:PNM) issued an update on its FY13 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.32-1.42 for the period, compared to the Thomson Reuters consensus estimate of $1.38, StockRatingsNetwork.com reports.
A number of analysts have recently weighed in on PNM shares. Analysts at Ladenburg Thalmann cut their price target on shares of PNM Resources (NYSE:PNM) from $26.50 to $24.00 in a research note to investors on Tuesday, September 10th. They now have a buy rating on the stock. Finally, analysts at Barclays Capital reiterated an equal weight rating on shares of PNM Resources (NYSE:PNM) in a research note to investors on Monday, August 5th. They now have a $25.00 price target on the stock.
One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $25.38.
Shares of PNM Resources Inc. (NYSE:PNM) opened at 22.36 on Monday. PNM Resources Inc. has a 52 week low of $19.76 and a 52 week high of $24.39. The stock has a 50-day moving average of $22.52 and a 200-day moving average of $22.83. The company has a market cap of $1.781 billion and a P/E ratio of 17.13.
PNM Resources (NYSE:PNM) last announced its earnings results on Friday, August 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. During the same quarter in the previous year, the company posted $0.33 earnings per share. On average, analysts predict that PNM Resources Inc. will post $1.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.17 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Monday, November 4th.
PNM Resources, Inc (NYSE:PNM) is an investor-owned holding company of energy and energy-related businesses.
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