PNM Resources (PNM) Scheduled to Post Earnings on Tuesday

PNM Resources (NYSE:PNM) will issue its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce 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.Parties that wish to listen to the company’s conference call can do so using this link.

PNM Resources (NYSE:PNM) last issued its quarterly earnings results on Tuesday, February 6th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, topping 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 business had revenue of $412.11 million during the quarter, compared to analyst estimates of $705.05 million. During the same quarter in the prior year, the business posted $0.15 EPS. 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 Trading Up 0.2 %

Shares of PNM stock opened at $36.70 on Tuesday. PNM Resources has a 52-week low of $34.63 and a 52-week high of $48.92. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.31 and a current ratio of 0.39. The firm has a market capitalization of $3.31 billion, a PE ratio of 35.63, a PEG ratio of 10.12 and a beta of 0.35. The stock has a fifty day simple moving average of $37.11 and a two-hundred day simple moving average of $39.58.

PNM Resources Dividend Announcement

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

Wall Street Analyst Weigh In

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