Brokerages expect PNM Resources Inc (NYSE:PNM) to report $0.31 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for PNM Resources’ earnings. PNM Resources posted earnings of $0.18 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 72.2%. The firm is scheduled to issue its next earnings report on Wednesday, February 26th.
On average, analysts expect that PNM Resources will report full-year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.09 to $2.10. For the next year, analysts expect that the business will post earnings of $2.21 per share, with EPS estimates ranging from $2.19 to $2.22. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for PNM Resources.
PNM Resources (NYSE:PNM) last released its earnings results on Friday, November 1st. The utilities provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. PNM Resources had a positive return on equity of 9.18% and a negative net margin of 0.64%. The firm had revenue of $433.59 million for the quarter, compared to analyst estimates of $562.33 million. During the same period in the previous year, the company earned $1.08 earnings per share.
NYSE PNM traded up $0.37 on Thursday, reaching $48.37. The company’s stock had a trading volume of 12,130 shares, compared to its average volume of 327,340. PNM Resources has a twelve month low of $39.51 and a twelve month high of $52.98. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.28 and a current ratio of 0.36. The firm’s 50 day moving average is $49.83 and its two-hundred day moving average is $50.12. The stock has a market cap of $3.86 billion, a PE ratio of 24.18, a PEG ratio of 4.13 and a beta of 0.15.
The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.29 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.40%. PNM Resources’s dividend payout ratio (DPR) is 58.00%.
A number of institutional investors and hedge funds have recently modified their holdings of PNM. TRUE Private Wealth Advisors acquired a new stake in PNM Resources during the 2nd quarter worth about $28,000. Trust Co. of Vermont lifted its stake in PNM Resources by 411.0% during the second quarter. Trust Co. of Vermont now owns 1,865 shares of the utilities provider’s stock valued at $95,000 after buying an additional 1,500 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of PNM Resources by 54.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,058 shares of the utilities provider’s stock worth $105,000 after buying an additional 723 shares during the period. Contravisory Investment Management Inc. acquired a new position in shares of PNM Resources in the third quarter worth about $153,000. Finally, Meeder Asset Management Inc. increased its position in shares of PNM Resources by 18.7% in the second quarter. Meeder Asset Management Inc. now owns 3,076 shares of the utilities provider’s stock worth $157,000 after acquiring an additional 485 shares in the last quarter. 90.69% of the stock is currently owned by hedge funds and other institutional investors.
PNM Resources Company Profile
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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