PNM Resources (PNM) Updates FY17 Earnings Guidance
PNM Resources (NYSE:PNM) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $1.85-1.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.85. PNM Resources also updated its FY18 guidance to $1.70-1.80 EPS.
PNM Resources (NYSE:PNM) opened at $43.85 on Wednesday. The stock has a market cap of $3,600.34, a PE ratio of 22.16, a PEG ratio of 4.44 and a beta of 0.36. PNM Resources has a twelve month low of $32.25 and a twelve month high of $46.00. The company has a current ratio of 0.53, a quick ratio of 0.43 and a debt-to-equity ratio of 1.25.
PNM Resources (NYSE:PNM) last issued its quarterly earnings data on Friday, October 27th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.08. The firm had revenue of $419.90 million during the quarter, compared to analysts’ expectations of $422.71 million. PNM Resources had a net margin of 11.27% and a return on equity of 9.18%. During the same period last year, the company earned $0.78 earnings per share. sell-side analysts anticipate that PNM Resources will post 1.86 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Thursday, January 18th will be issued a dividend of $0.265 per share. This is a boost from PNM Resources’s previous quarterly dividend of $0.24. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Wednesday, January 17th. PNM Resources’s dividend payout ratio (DPR) is currently 48.74%.
Several research firms recently weighed in on PNM. Zacks Investment Research cut shares of PNM Resources from a hold rating to a sell rating in a report on Saturday, October 21st. KeyCorp restated a hold rating on shares of PNM Resources in a report on Friday, September 1st. Williams Capital cut shares of PNM Resources from a hold rating to a sell rating and set a $38.00 price target on the stock. in a report on Monday, September 18th. Bank of America began coverage on shares of PNM Resources in a report on Tuesday, October 24th. They set an underperform rating and a $38.00 price target on the stock. Finally, Mizuho restated a sell rating and set a $35.00 price target on shares of PNM Resources in a report on Monday, October 30th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $39.74.
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PNM Resources Company Profile
PNM Resources, Inc (PNMR) is an investor-owned holding company with approximately two regulated utilities providing electricity and electric services in New Mexico and Texas. PNMR’s electric utilities are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). It operates in three segments: PNM, TNMP, and Corporate and Other.
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