PNM Resources (PNM) Releases Quarterly Earnings, Beats Expectations By $0.03 EPS
PNM Resources (NYSE:PNM) issued its quarterly earnings data on Friday. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.03, Stock Ratings Network.com reports. During the same quarter in the prior year, the company posted $0.13 earnings per share.
PNM Resources (NYSE:PNM) opened at 25.58 on Friday. PNM Resources has a 52-week low of $21.11 and a 52-week high of $25.83. The stock’s 50-day moving average is $24.7 and its 200-day moving average is $23.44. The company has a market cap of $2.038 billion and a P/E ratio of 20.32.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Investors of record on Friday, April 18th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 2.89%.
PNM Resources, Inc (NYSE:PNM) is an investor-owned holding company of energy and energy-related businesses.
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