TXNM Energy (TXNM) to Release Earnings on Tuesday

TXNM Energy (NYSE:TXNM) is expected to be announcing its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $548.49 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

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

TXNM stock opened at $48.35 on Friday. The firm has a market cap of $4.36 billion, a PE ratio of 25.18, a PEG ratio of 5.67 and a beta of 0.40. TXNM Energy has a 52 week low of $34.63 and a 52 week high of $50.28. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. The stock has a 50 day moving average of $48.32.

TXNM Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.4075 per share. This is a positive change from TXNM Energy’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, January 31st. This represents a $1.63 dividend on an annualized basis and a yield of 3.37%. TXNM Energy’s dividend payout ratio is presently 80.73%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup upped their target price on TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Barclays increased their price objective on TXNM Energy from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Wells Fargo & Company lifted their target price on TXNM Energy from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, Scotiabank increased their price target on shares of TXNM Energy from $46.00 to $52.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company 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.