PNM Resources Inc. (PNM) Issues FY14 Earnings Guidance
PNM Resources Inc. (NYSE:PNM) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.42-1.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.47, ARN reports.
Shares of PNM Resources Inc. (NYSE:PNM) opened at 27.345 on Tuesday. PNM Resources Inc. has a one year low of $21.11 and a one year high of $27.69. The stock has a 50-day moving average of $26.56 and a 200-day moving average of $24.49. The company has a market cap of $2.178 billion and a price-to-earnings ratio of 27070.00.
PNM Resources (NYSE:PNM) last announced its earnings results on Friday, February 28th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. During the same quarter in the previous year, the company posted $0.13 earnings per share. On average, analysts predict that PNM Resources Inc. will post $1.47 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on PNM shares. Analysts at RBC Capital initiated coverage on shares of PNM Resources in a research note on Friday. They set an outperform rating and a $30.00 price target on the stock. Analysts at Jefferies Group raised their price target on shares of PNM Resources from $28.00 to $30.50 in a research note on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. PNM Resources presently has a consensus rating of Buy and a consensus target price of $27.38.
PNM Resources, Inc (NYSE:PNM) is an investor-owned holding company of energy and energy-related businesses.
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