Earnings results for PNM Resources (NYSE:PNM)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.5 and decreased over the past month from 999 to 0.5(99.95%). none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 2.2 and decreased over the past month from 2.21 to 2.2(0.45%). none raised and none lowered their forecast.
Analyst Opinion on PNM Resources (NYSE:PNM)
8 Wall Street analysts have issued ratings and price targets for PNM Resources in the last 12 months. Their average twelve-month price target is $46.50, suggesting that the stock has a possible upside of 11.14%. The high price target for PNM is $55.00 and the low price target for PNM is $40.00. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”
PNM Resources has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $46.50, PNM Resources has a potential upside of 11.1% from its current price of $41.84. PNM Resources has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: PNM Resources (NYSE:PNM)
PNM Resources pays a meaningful dividend of 2.93%, higher than the bottom 25% of all stocks that pay dividends. PNM Resources has been increasing its dividend for 8 years. The dividend payout ratio of PNM Resources is 56.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNM Resources will have a dividend payout ratio of 54.19% next year. This indicates that PNM Resources will be able to sustain or increase its dividend.
Insiders buying/selling: PNM Resources (NYSE:PNM)
In the past three months, PNM Resources insiders have not sold or bought any company stock. Only 1.37% of the stock of PNM Resources is held by insiders. 99.47% of the stock of PNM Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of PNM Resources (NYSE:PNM
Earnings for PNM Resources are expected to grow by 3.18% in the coming year, from $2.20 to $2.27 per share. The P/E ratio of PNM Resources is 77.48, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.93. The P/E ratio of PNM Resources is 77.48, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 32.49. PNM Resources has a PEG Ratio of 3.03. PEG Ratios above 1 indicate that a company could be overvalued. PNM Resources has a P/B Ratio of 1.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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