TXNM Energy (TXNM) Expected to Announce Earnings on Tuesday

TXNM Energy (NYSE:TXNM) is anticipated to announce 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 $548,490.00 billion for the quarter. TXNM Energy has set its FY24 guidance at $2.70-2.75 EPS and its FY 2024 guidance at 2.700-2.750 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings data on Friday, November 1st. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The business had revenue of $569.30 million for the quarter, compared to analysts’ expectations of $588.88 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 Trading Down 0.3 %

TXNM Energy stock opened at $47.04 on Tuesday. TXNM Energy has a 12-month low of $34.63 and a 12-month 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 business has a 50-day moving average price of $48.35. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 5.58 and a beta of 0.40.

TXNM Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from TXNM Energy’s previous quarterly dividend of $0.39. TXNM Energy’s payout ratio is 80.73%.

Analyst Ratings Changes

TXNM has been the subject of a number of research analyst reports. Barclays raised their price target on TXNM Energy from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Citigroup upped their price target on shares of TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Wells Fargo & Company lifted their price objective on shares of TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Jefferies Financial Group initiated coverage on shares of 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, Scotiabank boosted their price target on TXNM Energy from $46.00 to $52.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

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.