Equities research analysts forecast that PNM Resources Inc (NYSE:PNM) will announce earnings of $0.31 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for PNM Resources’ earnings. PNM Resources reported earnings of $0.18 per share during the same quarter last year, which suggests a positive year over year growth rate of 72.2%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 26th.
On average, analysts expect that PNM Resources will report full year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.09 to $2.10. For the next financial year, analysts anticipate that the firm will report earnings of $2.21 per share, with EPS estimates ranging from $2.19 to $2.22. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow PNM Resources.
PNM Resources (NYSE:PNM) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.04. PNM Resources had a positive return on equity of 9.18% and a negative net margin of 0.64%. The firm had revenue of $433.59 million during the quarter, compared to analysts’ expectations of $562.33 million. During the same quarter in the prior year, the business posted $1.08 earnings per share.
Several hedge funds have recently added to or reduced their stakes in PNM. Millennium Management LLC grew its holdings in PNM Resources by 475.8% during the 3rd quarter. Millennium Management LLC now owns 259,806 shares of the utilities provider’s stock valued at $13,530,000 after buying an additional 214,687 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of PNM Resources by 595.0% in the third quarter. Squarepoint Ops LLC now owns 35,717 shares of the utilities provider’s stock valued at $1,860,000 after acquiring an additional 30,578 shares in the last quarter. Zimmer Partners LP acquired a new stake in shares of PNM Resources during the third quarter valued at $23,436,000. California State Teachers Retirement System boosted its stake in shares of PNM Resources by 1.2% during the third quarter. California State Teachers Retirement System now owns 123,920 shares of the utilities provider’s stock valued at $6,454,000 after acquiring an additional 1,450 shares during the last quarter. Finally, Stifel Financial Corp increased its position in PNM Resources by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 80,153 shares of the utilities provider’s stock worth $4,174,000 after purchasing an additional 1,732 shares in the last quarter. Institutional investors and hedge funds own 90.69% of the company’s stock.
Shares of NYSE:PNM traded down $0.37 on Thursday, reaching $48.83. 335,400 shares of the company were exchanged, compared to its average volume of 384,416. The company has a 50-day moving average of $49.69 and a 200-day moving average of $50.13. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 1.48. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 4.13 and a beta of 0.15. PNM Resources has a 1-year low of $39.51 and a 1-year high of $52.98.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Thursday, October 31st. PNM Resources’s dividend payout ratio (DPR) is presently 58.00%.
About PNM Resources
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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