PNM Resources (PNM) Releases FY18 Earnings Guidance

PNM Resources (NYSE:PNM) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.95-1.98 for the period, compared to the Thomson Reuters consensus estimate of $1.94. PNM Resources also updated its FY 2018 guidance to $1.95-1.98 EPS.

Several analysts recently issued reports on PNM shares. Zacks Investment Research upgraded PNM Resources from a hold rating to a buy rating and set a $44.00 price objective for the company in a report on Thursday, August 2nd. Bank of America cut their price objective on PNM Resources from $38.00 to $36.00 and set an underperform rating for the company in a report on Tuesday, October 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $38.63.

Shares of PNM Resources stock traded up $0.03 during trading on Thursday, reaching $40.70. The company’s stock had a trading volume of 420,001 shares, compared to its average volume of 521,204. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.27 and a current ratio of 0.34. The firm has a market capitalization of $3.13 billion, a PE ratio of 20.98, a PEG ratio of 4.33 and a beta of 0.16. PNM Resources has a one year low of $33.75 and a one year high of $46.00.

PNM Resources (NYSE:PNM) last released its earnings results on Tuesday, November 6th. The utilities provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. PNM Resources had a return on equity of 9.34% and a net margin of 6.08%. The business had revenue of $422.67 million for the quarter, compared to the consensus estimate of $483.08 million. During the same period last year, the business earned $0.93 earnings per share. Research analysts forecast that PNM Resources will post 1.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 2nd will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Thursday, November 1st. PNM Resources’s dividend payout ratio (DPR) is presently 54.64%.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by WKRB News and is the sole property of of WKRB News. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.wkrb13.com/2018/11/08/pnm-resources-pnm-releases-fy18-earnings-guidance.html.

About PNM Resources

PNM Resources, Inc, through its subsidiaries, engages in the energy and energy-related businesses 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 is primarily involved in the generation, transmission, and distribution of electricity.

Recommended Story: Google Finance Portfolio Tips and Tricks

Earnings History and Estimates for PNM Resources (NYSE:PNM)

Receive News & Ratings for PNM Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNM Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply