TXNM Energy (NYSE:TXNM – Get Free Report) will issue its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
TXNM Energy (NYSE:TXNM – Get Free Report) last released 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. TXNM Energy had a return on equity of 10.15% and a net margin of 4.50%. The firm had revenue of $488.10 million during the quarter, compared to the consensus estimate of $506.98 million. 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
Shares of TXNM Energy stock opened at $42.98 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.37 and a debt-to-equity ratio of 1.88. The company has a market cap of $3.88 billion, a PE ratio of 47.23, a price-to-earnings-growth ratio of 6.42 and a beta of 0.36. The business’s 50-day simple moving average is $42.65. TXNM Energy has a 1 year low of $34.63 and a 1 year high of $45.06.
TXNM Energy Dividend Announcement
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Scotiabank assumed coverage on shares of TXNM Energy in a research note on Thursday, October 10th. They issued a “sector perform” rating and a $46.00 price objective for the company. Jefferies Financial Group began coverage on TXNM Energy in a research note on Wednesday, October 2nd. They set a “buy” rating and a $50.00 price objective for the company. Barclays lifted their target price on TXNM Energy from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company increased their price target on shares of TXNM Energy from $46.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th.
View Our Latest Stock Report on TXNM Energy
TXNM Energy Company Profile
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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