PNM Resources (PNM) Scheduled to Post Earnings on Tuesday

PNM Resources (NYSE:PNM) will be posting its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect PNM Resources to post earnings of $0.68 per share for the quarter. PNM Resources has set its FY 2024 guidance at 2.650-2.750 EPS and its FY24 guidance at $2.65-2.75 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

PNM Resources (NYSE:PNM) last posted its earnings results on Tuesday, February 6th. The utilities provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. PNM Resources had a return on equity of 10.51% and a net margin of 4.54%. The company had revenue of $412.11 million for the quarter, compared to analyst estimates of $705.05 million. During the same quarter last year, the company earned $0.15 earnings per share. On average, analysts expect PNM Resources to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

PNM Resources Stock Up 0.2 %

PNM stock opened at $36.70 on Tuesday. PNM Resources has a twelve month low of $34.63 and a twelve month high of $48.92. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 1.77. The stock’s 50 day moving average is $37.11 and its 200-day moving average is $39.58. The firm has a market capitalization of $3.31 billion, a PE ratio of 35.63, a P/E/G ratio of 10.12 and a beta of 0.35.

PNM Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a $0.387 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.22%. PNM Resources’s dividend payout ratio is presently 150.49%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Mizuho lowered PNM Resources from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a report on Wednesday, January 3rd. StockNews.com lowered PNM Resources from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Wells Fargo & Company upgraded PNM Resources from an “equal weight” rating to an “overweight” rating and set a $44.00 price target on the stock in a report on Wednesday, January 3rd. Barclays lifted their price target on PNM Resources from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, TheStreet lowered PNM Resources from a “b-” rating to a “c+” rating in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, PNM Resources has a consensus rating of “Hold” and a consensus price target of $46.80.

PNM Resources Company Profile

PNM Resources, Inc, through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity.