TXNM Energy (NYSE:TXNM) Issues 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.

Analyst Ratings Changes

A number of analysts recently weighed in on TXNM shares. Citigroup increased their price objective on TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Scotiabank increased their price target on TXNM Energy from $52.00 to $55.00 and gave the company a “sector perform” rating in a research note on Monday, February 24th. Wells Fargo & Company raised their price objective on TXNM Energy from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Evercore ISI raised shares of TXNM Energy from an “in-line” rating to an “outperform” rating and increased their target price for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Finally, Mizuho increased their price objective on shares of TXNM Energy from $50.00 to $53.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, TXNM Energy presently has an average rating of “Moderate Buy” and an average target price of $53.43.

TXNM Energy Trading Down 2.6 %

NYSE:TXNM opened at $47.71 on Monday. The firm has a fifty day simple moving average of $49.14 and a two-hundred day simple moving average of $46.38. TXNM Energy has a 12 month low of $39.60 and a 12 month high of $54.90. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 6.12 and a beta of 0.32. 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 (NYSE:TXNM) last issued its earnings results on Friday, February 21st. The company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The business had revenue of $476.96 million during the quarter, compared to analyst estimates of $496.05 million. Analysts expect that TXNM Energy will post 2.73 EPS for the current fiscal year.

TXNM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Friday, April 25th. TXNM Energy’s payout ratio is 61.05%.

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.