TXNM Energy (NYSE:TXNM) Issues FY25 Earnings Guidance

TXNM Energy (NYSE:TXNM) updated its FY25 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.74-2.84 for the period, compared to the consensus estimate of $2.80.

TXNM Energy Price Performance

TXNM opened at $47.71 on Monday. The firm has a market capitalization of $4.42 billion, a P/E ratio of 24.85, a PEG ratio of 6.12 and a beta of 0.32. The stock has a fifty day moving average of $49.14 and a 200-day moving average of $46.38. 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 $39.60 and a 12-month high of $54.90.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The firm had revenue of $476.96 million for the quarter, compared to the consensus estimate of $496.05 million. Equities analysts forecast that TXNM Energy will post 2.73 EPS for the current fiscal year.

TXNM Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be given a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Friday, April 25th. TXNM Energy’s payout ratio is currently 61.05%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Scotiabank boosted their price target on TXNM Energy from $52.00 to $55.00 and gave the company a “sector perform” rating in a research note on Monday, February 24th. Mizuho increased their price objective on TXNM Energy from $50.00 to $53.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Evercore ISI upgraded shares of TXNM Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. Barclays raised their price objective on shares of TXNM Energy from $49.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Finally, Citigroup boosted their target price on shares of TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TXNM Energy currently has a consensus rating of “Moderate Buy” and an average price target of $53.43.

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.