TXNM Energy (NYSE:TXNM - Get Free Report) will release its earnings data before the market opens on Friday, November 1st. Analysts expect TXNM Energy to post earnings of $1.43 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.
TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. The company had revenue of $488.10 million for the quarter, compared to analyst estimates of $506.98 million. TXNM Energy had a net margin of 4.50% and a return on equity of 10.15%. On average, analysts expect TXNM Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
TXNM Energy Stock Performance
Shares of TXNM stock traded down $0.58 during midday trading on Friday, hitting $44.16. 376,025 shares of the company were exchanged, compared to its average volume of 938,382. TXNM Energy has a 52 week low of $34.63 and a 52 week high of $45.06. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 48.53, a P/E/G ratio of 6.32 and a beta of 0.36. The firm has a 50 day moving average price of $42.53. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 1.88.
TXNM Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, October 28th will be paid a $0.3875 dividend. The ex-dividend date of this dividend is Monday, October 28th. This represents a $1.55 annualized dividend and a yield of 3.51%. TXNM Energy's dividend payout ratio (DPR) is presently 170.33%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on TXNM. Scotiabank assumed coverage on TXNM Energy in a research report on Thursday, October 10th. They set a "sector perform" rating and a $46.00 price target on the stock. Barclays boosted their target price on shares of TXNM Energy from $45.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Wells Fargo & Company increased their price target on shares of TXNM Energy from $46.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group initiated coverage on TXNM Energy in a research note on Wednesday, October 2nd. They set a "buy" rating and a $50.00 target price for the company.
Check Out Our Latest Research Report on TXNM Energy
About TXNM Energy
(
Get Free Report)
TXNM Energy, Inc, through its subsidiaries, provides electricity and electric services 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 engages in the generation, transmission, and distribution of electricity.
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