Pinnacle West Capital (NYSE:PNW) Releases FY 2025 Earnings Guidance

Pinnacle West Capital (NYSE:PNW) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 4.400-4.600 for the period, compared to the consensus EPS estimate of 4.750. The company issued revenue guidance of -. Pinnacle West Capital also updated its FY 2024 guidance to 5.000-5.200 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Pinnacle West Capital from $78.00 to $83.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group started coverage on shares of Pinnacle West Capital in a research report on Thursday, September 19th. They set a “buy” rating and a $104.00 price objective for the company. Wells Fargo & Company boosted their target price on shares of Pinnacle West Capital from $90.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, StockNews.com upgraded shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $80.96.

Pinnacle West Capital Stock Up 2.9 %

NYSE:PNW traded up $2.59 during mid-day trading on Friday, reaching $91.81. The stock had a trading volume of 1,860,323 shares, compared to its average volume of 1,146,640. The stock has a market cap of $10.43 billion, a P/E ratio of 16.90, a PEG ratio of 2.13 and a beta of 0.52. The business’s 50 day moving average is $88.34 and its 200 day moving average is $82.61. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.66 and a quick ratio of 0.48. Pinnacle West Capital has a fifty-two week low of $65.20 and a fifty-two week high of $92.59.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.35 by $0.02. Pinnacle West Capital had a net margin of 12.65% and a return on equity of 9.75%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.68 billion. As a group, sell-side analysts predict that Pinnacle West Capital will post 4.9 earnings per share for the current year.

Pinnacle West Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 3.90%. The ex-dividend date is Monday, November 4th. This is an increase from Pinnacle West Capital’s previous quarterly dividend of $0.88. Pinnacle West Capital’s dividend payout ratio (DPR) is 67.80%.

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.