TXNM Energy (TXNM) Projected to Post Earnings on Tuesday

TXNM Energy (NYSE:TXNM) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect TXNM Energy to post earnings of $0.34 per share and revenue of $548,490.00 billion for the quarter. TXNM Energy has set its FY24 guidance at $2.70-2.75 EPS and its FY 2024 guidance at 2.700-2.750 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Friday, November 1st. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The firm had revenue of $569.30 million for the quarter, compared to analyst estimates of $588.88 million. During the same quarter in the prior year, the firm earned $1.54 earnings per share. TXNM Energy’s revenue for the quarter was up 12.5% on a year-over-year basis. 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 Trading Down 0.3 %

TXNM opened at $47.04 on Tuesday. 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 12-month low of $34.63 and a 12-month high of $50.28. The stock’s 50 day simple moving average is $48.35. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 5.58 and a beta of 0.40.

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 paid a $0.4075 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.47%. 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

TXNM has been the topic of several analyst reports. Scotiabank increased 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. Jefferies Financial Group initiated coverage on TXNM Energy in a report on Wednesday, October 2nd. They set a “buy” rating and a $50.00 target price on the stock. Citigroup boosted their price target on TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Barclays raised their price objective on shares of TXNM Energy from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Finally, Wells Fargo & Company boosted their target price on shares of TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, TXNM Energy currently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

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.