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

Key Points

• TXNM Energy beat earnings expectations, reporting quarterly EPS of $1.62 versus the $1.53 consensus estimate. Revenue totaled $733.29 million, below analysts’ forecast of $749.61 million.
• Shares fell 0.5% to $58.39 following the results, while the company reported a 9.04% net margin and 8.11% return on equity.
• TXNM declared a quarterly dividend of $0.4225, equivalent to $1.69 annually and a 2.9% yield. Analysts maintain a consensus “Buy” rating after recent rating upgrades.

TXNM Energy (NYSE:TXNM - Get Free Report) announced its quarterly earnings results on Friday. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.53 by $0.09, FiscalAI reports. The firm had revenue of $733.29 million during the quarter, compared to the consensus estimate of $749.61 million. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%.

TXNM Energy Stock Down 0.5%

Shares of TXNM Energy stock traded down $0.26 during trading hours on Friday, reaching $58.39. The company's stock had a trading volume of 609,132 shares, compared to its average volume of 1,336,180. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.39 and a current ratio of 0.56. The stock's fifty day simple moving average is $58.22 and its two-hundred day simple moving average is $58.40. The company has a market capitalization of $6.43 billion, a P/E ratio of 32.26, a P/E/G ratio of 2.53 and a beta of 0.17. TXNM Energy has a one year low of $55.64 and a one year high of $59.53.

TXNM Energy Dividend Announcement

The company also recently disclosed 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. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 23rd. TXNM Energy's dividend payout ratio is currently 93.37%.

Wall Street Analysts Forecast Growth

TXNM has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of TXNM Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, October 13th. Wall Street Zen upgraded TXNM Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus 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.

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