TXNM Energy (NYSE:TXNM – Get Free Report) issued an update on its FY24 earnings guidance on Friday morning. The company provided earnings per share guidance of $2.70-2.75 for the period, compared to the consensus earnings per share estimate of $2.71.
TXNM Energy Stock Performance
Shares of NYSE:TXNM opened at $43.54 on Friday. The firm has a fifty day simple moving average of $42.75. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 47.85, a PEG ratio of 6.24 and a beta of 0.36. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.37 and a current ratio of 0.47. TXNM Energy has a twelve month low of $34.63 and a twelve month high of $45.06.
TXNM Energy (NYSE:TXNM – Get Free Report) last announced its earnings results on Friday, November 1st. The company reported $1.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.43. TXNM Energy had a net margin of 4.50% and a return on equity of 10.15%. The company had revenue of $569.30 million during the quarter, compared to the consensus estimate of $588.88 million. During the same period in the previous year, the firm posted $1.54 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. On average, analysts anticipate that TXNM Energy will post 2.71 EPS for the current fiscal year.
TXNM Energy Dividend Announcement
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Jefferies Financial Group began coverage on TXNM Energy in a report on Wednesday, October 2nd. They issued a “buy” rating and a $50.00 price target on the stock. Barclays raised their target price on shares of TXNM Energy from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank assumed coverage on shares of TXNM Energy in a research note on Thursday, October 10th. They set a “sector perform” rating and a $46.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on shares of TXNM Energy from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th.
Check Out Our Latest Research Report on TXNM Energy
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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