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%.

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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.

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

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