TXNM Energy (NYSE:TXNM) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

TXNM Energy (NYSE:TXNM) released its earnings results on Friday. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.09, FiscalAI reports. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%. The business had revenue of $733.29 million for the quarter, compared to analysts’ expectations of $749.61 million.

TXNM Energy Stock Down 0.5%

NYSE TXNM traded down $0.27 on Friday, reaching $58.38. The company had a trading volume of 967,764 shares, compared to its average volume of 1,336,683. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.56 and a quick ratio of 0.39. TXNM Energy has a 1 year low of $55.64 and a 1 year high of $59.53. The firm has a 50-day moving average of $58.22 and a 200-day moving average of $58.40. The firm has a market capitalization of $6.43 billion, a PE ratio of 32.25, a P/E/G ratio of 2.53 and a beta of 0.17.

TXNM Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 23rd will be paid a $0.4225 dividend. The ex-dividend date is Friday, October 23rd. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. TXNM Energy’s dividend payout ratio (DPR) is 93.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of TXNM Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. Wall Street Zen upgraded TXNM Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

TXNM Energy Company Profile

TXNM Energy Inc (NYSE:TXNM) is an energy holding company that provides electricity and related utility services through its regulated subsidiaries. Its principal businesses are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), which operate electric generation, transmission and distribution systems.

PNM serves residential, commercial and industrial customers in New Mexico, while TNMP provides regulated electric distribution service to communities in Texas.