TXNM Energy (NYSE:TXNM) Releases FY25 Earnings Guidance

TXNM Energy (NYSE:TXNM) issued an update on its FY25 earnings guidance on Monday morning. 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 Stock Up 6.9 %

Shares of TXNM opened at $51.18 on Wednesday. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 6.12 and a beta of 0.32. TXNM Energy has a 12 month low of $39.60 and a 12 month high of $54.90. 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 company has a 50-day moving average price of $49.15 and a two-hundred day moving average price of $46.50.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.30 EPS for the quarter, hitting 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 analyst estimates of $496.05 million. Equities analysts predict that TXNM Energy will post 2.73 EPS for the current fiscal year.

TXNM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be given a $0.4075 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a yield of 3.19%. TXNM Energy’s payout ratio is 61.05%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TXNM. Mizuho upgraded TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price objective for the company in a research report on Tuesday. Scotiabank lifted their price target on shares of TXNM Energy from $52.00 to $55.00 and gave the company a “sector perform” rating in a research note on Monday, February 24th. Evercore ISI upgraded TXNM Energy from an “in-line” rating to an “outperform” rating and raised their price target for the company from $51.00 to $54.00 in a research note on Tuesday, February 11th. Citigroup raised their price target on TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price target on TXNM Energy from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TXNM Energy presently has an average rating of “Moderate Buy” and an average price target of $53.43.

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.