PNM Resources (PNM) to Release Earnings on Friday
PNM Resources (NYSE:PNM) will be releasing its Q114 earnings data on Friday, May 2nd. Analysts expect PNM Resources to post earnings of $0.20 per share and revenue of $331.00 million for the quarter. PNM Resources has set its FY14 guidance at $1.42-1.52 EPS.
PNM Resources (NYSE:PNM) last released its earnings data on Friday, February 28th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.03. During the same quarter last year, the company posted $0.13 earnings per share. On average, analysts expect PNM Resources to post $1.47 EPS for the current fiscal year and $1.58 EPS for the next fiscal year.
PNM Resources (NYSE:PNM) opened at 27.68 on Thursday. PNM Resources has a 52 week low of $21.11 and a 52 week high of $28.50. The stock has a 50-day moving average of $27.13 and a 200-day moving average of $24.89. The company has a market cap of $2.205 billion and a P/E ratio of 27840.00.
A number of research firms have recently commented on PNM. Analysts at RBC Capital initiated coverage on shares of PNM Resources in a research note on Friday, April 11th. 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 research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. PNM Resources presently has an average rating of “Buy” and a consensus price target of $27.38.
PNM Resources, Inc (NYSE:PNM) is an investor-owned holding company of energy and energy-related businesses.
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