The closing price of PNM Resources Inc (NYSE: PNM) was $36.80 for the day, up 0.79% from the previous closing price of $36.51. In other words, the price has increased by $+0.29 from its previous closing price. On the day, 2504067 shares were traded.
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Ratios:
Our analysis of PNM’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.31 and its Current Ratio is at 0.39. In the meantime, Its Debt-to-Equity ratio is 2.11 whereas as Long-Term Debt/Eq ratio is at 1.87.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on February 08, 2024, initiated with a Overweight rating and assigned the stock a target price of $40.
On January 03, 2024, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $41 to $44.
Mizuho Downgraded its Buy to Neutral on January 03, 2024, while the target price for the stock was maintained at $41.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PNM now has a Market Capitalization of 3.16B and an Enterprise Value of 8.15B. As of this moment, PNM’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.17, and their Forward P/E ratio for the next fiscal year is 13.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71 while its Price-to-Book (P/B) ratio in mrq is 1.34. Its current Enterprise Value per Revenue stands at 4.20 whereas that against EBITDA is 13.58.
Stock Price History:
Over the past 52 weeks, PNM has reached a high of $49.27, while it has fallen to a 52-week low of $34.62. The 50-Day Moving Average of the stock is 37.98, while the 200-Day Moving Average is calculated to be 42.70.
Shares Statistics:
PNM traded an average of 1.62M shares per day over the past three months and 1.43M shares per day over the past ten days. A total of 90.20M shares are outstanding, with a floating share count of 89.08M. Insiders hold about 1.24% of the company’s shares, while institutions hold 92.24% stake in the company. Shares short for PNM as of Feb 15, 2024 were 2.72M with a Short Ratio of 1.68, compared to 3.14M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.17% and a Short% of Float of 4.22%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.49, PNM has a forward annual dividend rate of 1.49. Against a Trailing Annual Dividend Yield of 4.08%, it implies a Forward Annual Dividend Yield of 4.21%. The stock’s 5-year Average Dividend Yield is 2.80. The current Payout Ratio is 146.54% for PNM, which recently paid a dividend on May 10, 2024 with an ex-dividend date of Feb 01, 2024. Stock splits for the company last occurred on Jun 14, 2004 when the company split stock in a 3:2 ratio.
Earnings Estimates
The firm’s stock currently is rated by 3 analysts. On average, analysts expect EPS of $0.45 for the current quarter, with a high estimate of $0.51 and a low estimate of $0.38, while EPS last year was $0.55. The consensus estimate for the next quarter is $0.52, with high estimates of $0.54 and low estimates of $0.51.
Analysts are recommending an EPS of between $2.71 and $2.64 for the fiscal current year, implying an average EPS of $2.68. EPS for the following year is $2.8, with 5 analysts recommending between $2.83 and $2.77.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $551.33M to a low estimate of $551.33M. As of the current estimate, PNM Resources Inc’s year-ago sales were $544.08M, an estimated increase of 1.30% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $495.53M, an increase of 10.90% over than the figure of $1.30% in the same quarter last year. There is a high estimate of $495.53M for the next quarter, whereas the lowest estimate is $495.53M.
A total of 4 analysts have provided revenue estimates for PNM’s current fiscal year. The highest revenue estimate was $2.5B, while the lowest revenue estimate was $2.19B, resulting in an average revenue estimate of $2.31B. In the same quarter a year ago, actual revenue was $1.94B, up 18.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $2.42B in the next fiscal year. The high estimate is $2.61B and the low estimate is $2.28B. The average revenue growth estimate for next year is up 5.00% from the average revenue estimate for this year.
