News headlines about PNM Resources (NYSE:PNM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PNM Resources earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 46.0183795646634 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Closing Bell Ringer, December 7, 2017 (finance.yahoo.com)
- Zacks: Analysts Expect PNM Resources, Inc. (Holding Co.) (PNM) to Post $0.20 EPS (americanbankingnews.com)
- This Mining Company Soared 159% After Saying It’s Buying a Crypto Firm (bloomberg.com)
- PNM Resources Rewards Investors, Ups Annual Dividend by 9.3% (finance.yahoo.com)
- PNM Resources (PNM) versus UNS Energy (UNS) Head to Head Analysis (americanbankingnews.com)
PNM has been the subject of several research analyst reports. Argus reissued a “buy” rating and issued a $41.40 price target (down previously from $43.00) on shares of PNM Resources in a report on Friday, August 11th. Bank of America initiated coverage on shares of PNM Resources in a report on Tuesday, October 24th. They issued an “underperform” rating and a $38.00 price target for the company. SunTrust Banks reissued a “hold” rating and issued a $38.00 price target on shares of PNM Resources in a report on Tuesday, October 24th. Wells Fargo & Company initiated coverage on shares of PNM Resources in a report on Friday, September 22nd. They issued a “market perform” rating and a $42.00 price target for the company. Finally, ValuEngine raised shares of PNM Resources from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. PNM Resources currently has a consensus rating of “Hold” and a consensus price target of $39.74.
Shares of PNM Resources (PNM) opened at $44.80 on Friday. The company has a market cap of $3,564.50, a price-to-earnings ratio of 21.94, a P/E/G ratio of 4.40 and a beta of 0.36. PNM Resources has a 52-week low of $31.55 and a 52-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.
PNM Resources (NYSE:PNM) last issued its quarterly earnings results on Friday, October 27th. The utilities provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.85 by $0.08. PNM Resources had a net margin of 11.27% and a return on equity of 9.18%. The firm had revenue of $419.90 million for the quarter, compared to analysts’ expectations of $422.71 million. During the same period in the previous year, the firm posted $0.78 EPS. equities analysts predict that PNM Resources will post 1.86 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Thursday, January 18th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Wednesday, January 17th. This is a boost from PNM Resources’s previous quarterly dividend of $0.24. This represents a $1.06 annualized dividend and a yield of 2.37%. PNM Resources’s payout ratio is 48.74%.
PNM Resources Company Profile
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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