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.

PNM has been the topic of several recent analyst reports. Mizuho set a $88.00 price target on Gilead Sciences and gave the company a buy rating in a research note on Friday, May 10th. UBS Group lowered to a sell rating and lifted their price target for the company from GBX 530 ($6.93) to GBX 540 ($7.06) in a research note on Wednesday, June 12th. Bank of America upgraded Air Products & Chemicals from an underperform rating to a neutral rating and lifted their price target for the company from $170.00 to $215.00 in a research note on Thursday, April 25th. Williams Capital reiterated a hold rating on shares of Southwest Gas in a research note on Monday, March 18th. Finally, Zacks Investment Research lowered ExlService from a hold rating to a sell rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. PNM Resources presently has a consensus rating of Hold and an average target price of $48.28.

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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