Pinnacle West Capital (PNW) Scheduled to Post Quarterly Earnings on Thursday

Pinnacle West Capital (NYSE:PNW) is set to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Pinnacle West Capital Stock Performance

PNW stock opened at $73.65 on Wednesday. The company has a market capitalization of $8.36 billion, a P/E ratio of 16.70, a PEG ratio of 2.08 and a beta of 0.49. The company has a 50-day simple moving average of $72.11 and a 200 day simple moving average of $72.09. Pinnacle West Capital has a fifty-two week low of $65.20 and a fifty-two week high of $86.03. The company has a quick ratio of 0.50, a current ratio of 0.67 and a debt-to-equity ratio of 1.20.

Pinnacle West Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 1st will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 4.78%. The ex-dividend date is Tuesday, April 30th. Pinnacle West Capital’s dividend payout ratio (DPR) is presently 79.82%.

Analysts Set New Price Targets

Several equities research analysts have commented on PNW shares. Wells Fargo & Company dropped their price target on shares of Pinnacle West Capital from $78.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Friday, January 26th. Barclays boosted their price objective on Pinnacle West Capital from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Guggenheim upgraded Pinnacle West Capital from a “neutral” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Monday, January 22nd. StockNews.com downgraded Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Finally, Mizuho dropped their target price on Pinnacle West Capital from $77.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $73.42.

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.