TXNM Energy (TXNM) Expected to Announce Earnings on Tuesday

TXNM Energy (NYSE:TXNM) is projected to post its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect TXNM Energy to post earnings of $0.34 per share and revenue of $548.49 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Friday, November 1st. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $569.30 million during the quarter, compared to the consensus estimate of $588.88 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. TXNM Energy’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.54 EPS. 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 Stock Down 0.3 %

NYSE:TXNM opened at $48.35 on Friday. The firm’s 50-day simple moving average is $48.32. TXNM Energy has a 52 week low of $34.63 and a 52 week high of $50.28. The company has a market capitalization of $4.36 billion, a PE ratio of 25.18, a PEG ratio of 5.67 and a beta of 0.40. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80.

TXNM Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from TXNM Energy’s previous quarterly dividend of $0.39. TXNM Energy’s dividend payout ratio (DPR) is 80.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TXNM shares. Scotiabank increased their price objective on shares of TXNM Energy from $46.00 to $52.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Barclays boosted their price target on shares of TXNM Energy from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Wells Fargo & Company raised their price objective on TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Finally, Citigroup boosted their target price on TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, TXNM Energy presently has a consensus rating of “Moderate Buy” and an average price target 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.