TXNM Energy (NYSE:TXNM – Get Free Report) updated its FY24 earnings guidance on Friday. The company provided EPS guidance of $2.70-2.75 for the period, compared to the consensus EPS estimate of $2.71. TXNM Energy also updated its FY 2024 guidance to 2.700-2.750 EPS.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of TXNM Energy in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $50.00 price objective on the stock. Scotiabank started coverage on TXNM Energy in a report on Thursday, October 10th. They set a “sector perform” rating and a $46.00 target price on the stock. Barclays increased their price target on TXNM Energy from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company upped their target price on shares of TXNM Energy from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th.
Check Out Our Latest Analysis on TXNM
TXNM Energy Stock Up 0.2 %
TXNM Energy (NYSE:TXNM – Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $1.43 EPS 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 business had revenue of $569.30 million for the quarter, compared to analyst estimates of $588.88 million. During the same period last year, the firm earned $1.54 earnings per share. TXNM Energy’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities analysts expect that TXNM Energy will post 2.71 EPS for the current fiscal year.
TXNM Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, October 28th will be paid a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Monday, October 28th. TXNM Energy’s dividend payout ratio (DPR) is presently 170.33%.
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.
See Also
- Five stocks we like better than TXNM Energy
- The Basics of Support and Resistance
- Intel: Is Now the Time to Be Brave?Â
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Carnival or Royal Caribbean—Which Cruise Stock Has More Upside?
- Most active stocks: Dollar volume vs share volume
- Summit Therapeutics: Is Their Lung Cancer Drug a Game Changer?
Receive News & Ratings for TXNM Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TXNM Energy and related companies with MarketBeat.com's FREE daily email newsletter.