PNM Resources Inc. (NYSE: PNM) has reported earnings for its second fiscal quarter (ending June 30) of $0.53 versus $0.53 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $0.91 versus $2.77 for the same period a year ago.
Recent Price Action
PNM Resources Inc. (NYSE: PNM) stock declined slightly by -0.2% on 7/31/24. The stock closed at $41.58. NORMAL trading volume accompanied the decline. The stock has been weak relative to the market over the last nine months but has risen 3.6% during the last week.
Current PriceTarget Research Rating
PNM is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
PNM Resources has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. PNM Resources has a slightly positive Appreciation Score of 65 but a poor Power Rating of 28, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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