Pinnacle West Capital (NYSE:PNW) posted its quarterly earnings results on Thursday. The utilities provider reported $2.77 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($0.23), Briefing.com reports. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.25 billion. Pinnacle West Capital had a return on equity of 9.33% and a net margin of 13.84%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.80 EPS. Pinnacle West Capital updated its FY20 guidance to $4.75-4.95 EPS.
Shares of NYSE PNW opened at $86.39 on Friday. The business has a 50-day simple moving average of $94.82 and a two-hundred day simple moving average of $94.68. Pinnacle West Capital has a 52 week low of $81.63 and a 52 week high of $99.81. The company has a market cap of $10.19 billion, a P/E ratio of 19.03, a P/E/G ratio of 3.11 and a beta of 0.06. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.92.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a $0.7825 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.13 annualized dividend and a yield of 3.62%. This is an increase from Pinnacle West Capital’s previous quarterly dividend of $0.74. Pinnacle West Capital’s dividend payout ratio (DPR) is currently 68.94%.
Pinnacle West Capital Company Profile
Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. It generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar generating facilities. The company serves approximately 1.2 million customers.
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