PNM Resources (NYSE:PNM) Issues FY19 Earnings Guidance

PNM Resources (NYSE:PNM) updated its FY19 earnings guidance on Friday. The company provided earnings per share guidance of $2.05-2.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.15.

A number of equities research analysts recently commented on the company. Wells Fargo & Co reissued a buy rating on shares of Allergan in a research report on Monday, June 10th. Zacks Investment Research lowered ExlService from a hold rating to a sell rating in a research report on Wednesday, July 10th. Bank of America raised Air Products & Chemicals from an underperform rating to a neutral rating and increased their price target for the company from $170.00 to $215.00 in a research report on Thursday, April 25th. Williams Capital reissued a hold rating on shares of Southwest Gas in a research report on Monday, March 18th. Finally, Mizuho set a $88.00 price target on Gilead Sciences and gave the company a buy rating in a research report on Friday, May 10th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $48.28.

NYSE PNM opened at $49.51 on Monday. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 4.35 and a beta of 0.29. The company has a fifty day moving average of $49.85. PNM Resources has a 12 month low of $37.17 and a 12 month high of $52.10. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.69 and a quick ratio of 0.59.

PNM Resources (NYSE:PNM) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $349.65 million during the quarter, compared to analyst estimates of $273.12 million. PNM Resources had a return on equity of 8.68% and a net margin of 6.10%. PNM Resources’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. As a group, research analysts anticipate that PNM Resources will post 2.08 EPS 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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Earnings History and Estimates for PNM Resources (NYSE:PNM)

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