Equities analysts expect PNM Resources Inc (NYSE:PNM) to announce $0.36 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for PNM Resources’ earnings. PNM Resources reported earnings per share of $0.18 in the same quarter last year, which indicates a positive year over year growth rate of 100%. The business is scheduled to announce its next quarterly earnings results on Wednesday, February 26th.
According to Zacks, analysts expect that PNM Resources will report full-year earnings of $2.15 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.15. For the next fiscal year, analysts expect that the company will report earnings of $2.22 per share, with EPS estimates ranging from $2.21 to $2.22. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover PNM Resources.
PNM Resources (NYSE:PNM) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.04. PNM Resources had a negative net margin of 0.64% and a positive return on equity of 9.18%. The firm had revenue of $433.59 million during the quarter, compared to the consensus estimate of $562.33 million. During the same period last year, the firm posted $1.08 EPS.
Shares of NYSE PNM traded up $0.19 during trading on Friday, reaching $51.38. The company had a trading volume of 453,334 shares, compared to its average volume of 600,415. PNM Resources has a 52 week low of $41.14 and a 52 week high of $52.98. The stock has a market cap of $4.08 billion, a PE ratio of -395.23, a PEG ratio of 4.03 and a beta of 0.16. 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 business’s 50 day moving average price is $49.89 and its 200-day moving average price is $50.32.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from PNM Resources’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, January 31st. PNM Resources’s payout ratio is 58.00%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC boosted its holdings in shares of PNM Resources by 0.3% in the third quarter. Voya Investment Management LLC now owns 122,886 shares of the utilities provider’s stock valued at $6,400,000 after buying an additional 350 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of PNM Resources by 7.3% in the third quarter. Commonwealth Equity Services LLC now owns 5,269 shares of the utilities provider’s stock valued at $274,000 after buying an additional 357 shares during the period. AMP Capital Investors Ltd boosted its holdings in shares of PNM Resources by 1.2% in the second quarter. AMP Capital Investors Ltd now owns 33,157 shares of the utilities provider’s stock valued at $1,686,000 after buying an additional 380 shares during the period. 6 Meridian boosted its holdings in shares of PNM Resources by 4.2% in the fourth quarter. 6 Meridian now owns 11,323 shares of the utilities provider’s stock valued at $574,000 after buying an additional 460 shares during the period. Finally, Summit Global Investments boosted its holdings in shares of PNM Resources by 3.3% in the second quarter. Summit Global Investments now owns 15,500 shares of the utilities provider’s stock valued at $789,000 after buying an additional 500 shares during the period. 90.68% of the stock is owned by institutional investors and hedge funds.
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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