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 EPS guidance of $2.74-2.84 for the period, compared to the consensus EPS estimate of $2.80.

TXNM Energy Stock Up 6.9 %

Shares of TXNM Energy stock opened at $51.18 on Wednesday. The business has a 50-day moving average of $49.15 and a 200-day moving average of $46.50. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27. The company has a market capitalization of $4.74 billion, a PE ratio of 26.65, a P/E/G ratio of 6.12 and a beta of 0.32. TXNM Energy has a 1-year low of $39.60 and a 1-year high of $54.90.

TXNM Energy (NYSE:TXNM) last announced its earnings results on Friday, February 21st. The company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $476.96 million during the quarter, compared to the consensus estimate of $496.05 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. As a group, equities analysts forecast that TXNM Energy will post 2.73 EPS for the current fiscal year.

TXNM Energy Dividend Announcement

The business 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 $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Friday, April 25th. TXNM Energy’s payout ratio is currently 61.05%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TXNM shares. Wells Fargo & Company raised their price target on TXNM Energy from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Mizuho raised TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price target on the stock in a report on Tuesday. Evercore ISI upgraded shares of TXNM Energy from an “in-line” rating to an “outperform” rating and upped their price target for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Citigroup raised their price target on shares of TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, Scotiabank boosted 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.43.

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.