PNM Resources (NYSE:PNM) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $1.85-1.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.85. PNM Resources also updated its FY18 guidance to $1.70-1.80 EPS.

PNM Resources (NYSE PNM) traded up $0.30 on Monday, reaching $45.10. 700,500 shares of the company’s stock traded hands, compared to its average volume of 583,373. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.43 and a current ratio of 0.53. PNM Resources has a 1 year low of $32.25 and a 1 year high of $46.00. The firm has a market capitalization of $3,592.38, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 4.43 and a beta of 0.36.

PNM Resources (NYSE:PNM) last released its quarterly earnings data on Friday, October 27th. The utilities provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.08. PNM Resources had a net margin of 11.27% and a return on equity of 9.18%. The firm had revenue of $419.90 million for the quarter, compared to the consensus estimate of $422.71 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. analysts forecast that PNM Resources will post 1.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Thursday, January 18th will be given a $0.265 dividend. This is a positive change from PNM Resources’s previous quarterly dividend of $0.24. The ex-dividend date is Wednesday, January 17th. This represents a $1.06 dividend on an annualized basis and a yield of 2.35%. PNM Resources’s payout ratio is 48.74%.

PNM has been the subject of a number of recent analyst reports. Zacks Investment Research raised PNM Resources from a hold rating to a buy rating and set a $48.00 target price for the company in a research report on Wednesday, November 1st. ValuEngine lowered PNM Resources from a buy rating to a hold rating in a report on Friday, September 22nd. SunTrust Banks restated a hold rating and set a $38.00 price target on shares of PNM Resources in a report on Tuesday, October 24th. Mizuho restated a sell rating and set a $35.00 price target on shares of PNM Resources in a report on Monday, October 30th. Finally, Wells Fargo & Company initiated coverage on PNM Resources in a report on Friday, September 22nd. They set a market perform rating and a $42.00 price target on the stock. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $39.74.

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PNM Resources Company Profile

PNM Resources, Inc (PNMR) is an investor-owned holding company with approximately two regulated utilities providing electricity and electric services in New Mexico and Texas. PNMR’s electric utilities are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). It operates in three segments: PNM, TNMP, and Corporate and Other.

Earnings History and Estimates for PNM Resources (NYSE:PNM)

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