PNM Resources (NYSE:PNM) Issues FY19 Earnings Guidance
PNM Resources (NYSE:PNM) issued an update on its FY19 earnings guidance on Friday morning. The company provided EPS guidance of $2.05-2.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.15.
Shares of NYSE PNM opened at $49.51 on Friday. The firm has a market cap of $3.94 billion, a PE ratio of 25.79, a PEG ratio of 4.19 and a beta of 0.29. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.69 and a quick ratio of 0.59. The firm has a fifty day moving average of $49.85. PNM Resources has a fifty-two week low of $37.17 and a fifty-two week high of $52.10.
PNM Resources (NYSE:PNM) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The firm had revenue of $349.65 million during the quarter, compared to analysts’ expectations of $273.12 million. PNM Resources had a return on equity of 8.68% and a net margin of 6.10%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 EPS. As a group, equities research analysts expect that PNM Resources will post 2.08 earnings per share for the current fiscal year.
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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