TXNM Energy (NYSE:TXNM – Get Free Report) issued an update on its FY24 earnings guidance on Monday morning. The company provided EPS guidance of $2.70-2.75 for the period, compared to the consensus EPS estimate of $2.71.
TXNM Energy Stock Performance
Shares of TXNM opened at $45.75 on Wednesday. The firm has a 50-day moving average of $43.19. 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 market cap of $4.13 billion, a PE ratio of 23.83, a PEG ratio of 6.58 and a beta of 0.36. TXNM Energy has a 1 year low of $34.63 and a 1 year high of $45.92.
TXNM Energy (NYSE:TXNM – Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. The business had revenue of $569.30 million during the quarter, compared to analysts’ expectations of $588.88 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 EPS. Analysts predict that TXNM Energy will post 2.72 EPS for the current year.
TXNM Energy Dividend Announcement
Analyst Upgrades and Downgrades
TXNM has been the subject of several recent research reports. Wells Fargo & Company lifted their price objective on TXNM Energy from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Scotiabank started coverage on TXNM Energy in a research report on Thursday, October 10th. They set a “sector perform” rating and a $46.00 target price on the stock. Jefferies Financial Group started coverage on TXNM Energy in a research report on Wednesday, October 2nd. They set a “buy” rating and a $50.00 target price on the stock. Finally, Barclays raised their target price on TXNM Energy from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th.
View Our Latest Research Report on TXNM
About TXNM Energy
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.
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