PNM Resources (PNM) Earning Somewhat Favorable Media Coverage, Accern Reports
News headlines about PNM Resources (NYSE:PNM) have trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PNM Resources earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 48.1571669564489 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- PNM Resources Issues Outlook, Infrastructure Spending Helps (finance.yahoo.com)
- PNM Resources Inc (PNM) to Post Q1 2018 Earnings of $0.19 Per Share, SunTrust Banks Forecasts (americanbankingnews.com)
- PNM Resources (PNM) Releases FY18 Earnings Guidance (americanbankingnews.com)
- PNM Resources (PNM) Issues FY17 Earnings Guidance (americanbankingnews.com)
- /C O R R E C T I O N — PNM Resources, Inc./ (finance.yahoo.com)
PNM Resources (NYSE:PNM) traded down $1.35 during trading hours on Tuesday, hitting $43.85. The stock had a trading volume of 535,221 shares, compared to its average volume of 582,568. PNM Resources has a fifty-two week low of $32.25 and a fifty-two week high of $46.00. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.53 and a quick ratio of 0.43. The company has a market cap of $3,490.00, a PE ratio of 22.11, a PEG ratio of 4.43 and a beta of 0.36.
PNM Resources (NYSE:PNM) last released its quarterly earnings data on Friday, October 27th. The utilities provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.08. PNM Resources had a return on equity of 9.18% and a net margin of 11.27%. The business had revenue of $419.90 million for the quarter, compared to analysts’ expectations of $422.71 million. During the same quarter in the previous year, the business posted $0.78 EPS. equities analysts anticipate that PNM Resources will post 1.86 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Thursday, January 18th will be paid a $0.265 dividend. This is a boost from PNM Resources’s previous quarterly dividend of $0.24. The ex-dividend date is Wednesday, January 17th. This represents a $1.06 annualized dividend and a yield of 2.42%. PNM Resources’s payout ratio is presently 48.99%.
Several research firms have recently issued reports on PNM. SunTrust Banks restated a “hold” rating and set a $38.00 target price on shares of PNM Resources in a research report on Friday, November 10th. Zacks Investment Research upgraded PNM Resources from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Wednesday, November 1st. Mizuho restated a “sell” rating and set a $35.00 target price on shares of PNM Resources in a research report on Monday, October 30th. Bank of America began coverage on PNM Resources in a research report on Tuesday, October 24th. They set an “underperform” rating and a $38.00 target price for the company. Finally, Evercore ISI lowered PNM Resources from an “in-line” rating to an “underperform” rating and set a $37.50 target price for the company. in a research report on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. PNM Resources presently has a consensus rating of “Hold” and an average target price of $39.74.
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About PNM Resources
PNM Resources, Inc (PNMR) is an investor-owned holding company with approximately two regulated utilities providing electricity and electric services in New Mexico and Texas. PNMR’s electric utilities are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). It operates in three segments: PNM, TNMP, and Corporate and Other.
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