Wall Street brokerages forecast that PNM Resources Inc (NYSE:PNM) will report earnings per share of $0.18 for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for PNM Resources’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.23. PNM Resources reported earnings of $0.34 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 47.1%. The business is expected to issue its next quarterly earnings report before the market opens on Tuesday, February 27th.
According to Zacks, analysts expect that PNM Resources will report full year earnings of $1.86 per share for the current fiscal year, with EPS estimates ranging from $1.85 to $1.90. For the next financial year, analysts anticipate that the firm will report earnings of $1.74 per share, with EPS estimates ranging from $1.70 to $1.75. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for PNM Resources.
PNM has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of PNM Resources from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Wednesday, November 1st. SunTrust Banks reissued a “hold” rating and issued a $38.00 price target on shares of PNM Resources in a research report on Tuesday, October 24th. Royal Bank of Canada reissued a “hold” rating and issued a $40.00 price target on shares of PNM Resources in a research report on Thursday, February 1st. Finally, Mizuho raised shares of PNM Resources from an “underperform” rating to a “neutral” rating and set a $37.00 price target on the stock in a research report on Tuesday, January 23rd. Five analysts have rated the stock with a sell rating, nine have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.45.
Shares of PNM Resources (NYSE:PNM) opened at $35.00 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.53 and a quick ratio of 0.43. The stock has a market cap of $2,787.88, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 3.49 and a beta of 0.26. PNM Resources has a one year low of $33.75 and a one year high of $46.00.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Thursday, January 18th were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 3.03%. The ex-dividend date was Wednesday, January 17th. This is a positive change from PNM Resources’s previous quarterly dividend of $0.24. PNM Resources’s payout ratio is 53.27%.
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PNM Resources Company Profile
PNM Resources, Inc (PNMR) is an investor-owned holding company with approximately two regulated utilities providing electricity and electric services in New Mexico and Texas. PNMR’s electric utilities are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). It operates in three segments: PNM, TNMP, and Corporate and Other.
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