TXNM Energy (TXNM) to Release Quarterly Earnings on Tuesday

TXNM Energy (NYSE:TXNM - Get Free Report) is expected to be announcing its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $548.49 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The business had revenue of $569.30 million for the quarter, compared to analyst estimates of $588.88 million. During the same period in the previous year, the company posted $1.54 EPS. The company's revenue was up 12.5% compared to the same quarter last year. 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 Price Performance

NYSE TXNM traded up $0.36 during mid-day trading on Friday, hitting $48.44. The company's stock had a trading volume of 399,447 shares, compared to its average volume of 943,679. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 5.67 and a beta of 0.40. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. TXNM Energy has a 52-week low of $34.63 and a 52-week high of $50.28. The company has a fifty day moving average price of $48.33.

TXNM Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.4075 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.63 annualized dividend and a dividend yield of 3.36%. This is a positive change from TXNM Energy's previous quarterly dividend of $0.39. TXNM Energy's dividend payout ratio is presently 80.73%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup upped their price target on shares of TXNM Energy from $45.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Barclays upped their target price on TXNM Energy from $46.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Scotiabank boosted their price target on TXNM Energy from $46.00 to $52.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company increased their price objective on shares of TXNM Energy from $49.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.00.

About TXNM Energy

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.