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

Pinnacle West Capital (NYSE:PNW) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.400-4.600 for the period, compared to the consensus 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.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PNW. Wells Fargo & Company boosted their target price on Pinnacle West Capital from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday. StockNews.com upgraded shares of Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley raised their target price on shares of Pinnacle West Capital from $78.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Jefferies Financial Group began coverage on shares of Pinnacle West Capital in a report on Thursday, September 19th. They issued a “buy” rating and a $104.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $80.96.

Pinnacle West Capital Stock Up 2.9 %

PNW stock traded up $2.59 during mid-day trading on Friday, hitting $91.81. 1,860,323 shares of the company were exchanged, compared to its average volume of 1,146,640. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.48 and a current ratio of 0.66. Pinnacle West Capital has a 1-year low of $65.20 and a 1-year high of $92.59. The firm’s 50 day simple moving average is $88.34 and its 200 day simple moving average is $82.61. The firm has a market cap of $10.43 billion, a P/E ratio of 16.90, a P/E/G ratio of 2.13 and a beta of 0.52.

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

Pinnacle West Capital Increases Dividend

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