Pinnacle West Capital (NYSE:PNW) Announces Earnings Results, Beats Estimates By $0.25 EPS

Pinnacle West Capital (NYSE:PNW) posted its quarterly earnings results on Tuesday. The utilities provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.25, Zacks reports. Pinnacle West Capital had a return on equity of 9.60% and a net margin of 12.26%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Pinnacle West Capital updated its FY 2025 guidance to 4.400-4.600 EPS.

Pinnacle West Capital Trading Down 0.3 %

Shares of Pinnacle West Capital stock traded down $0.29 during trading on Thursday, hitting $91.35. The company’s stock had a trading volume of 153,278 shares, compared to its average volume of 1,002,890. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.71 and a quick ratio of 0.54. Pinnacle West Capital has a 52 week low of $66.77 and a 52 week high of $95.42. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 3.59 and a beta of 0.57. The stock has a 50-day moving average price of $86.68 and a two-hundred day moving average price of $88.14.

Pinnacle West Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be paid a $0.895 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.58 annualized dividend and a dividend yield of 3.92%. Pinnacle West Capital’s dividend payout ratio is 67.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PNW shares. Jefferies Financial Group reduced their price objective on Pinnacle West Capital from $106.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Guggenheim restated a “buy” rating and set a $100.00 price objective on shares of Pinnacle West Capital in a report on Wednesday. Wells Fargo & Company lifted their price target on shares of Pinnacle West Capital from $92.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday. Morgan Stanley dropped their price target on shares of Pinnacle West Capital from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, KeyCorp upgraded shares of Pinnacle West Capital from a “sector weight” rating to an “overweight” rating and set a $101.00 price target for the company in a research report on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $86.58.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.