Pinnacle West Capital (PNW) Expected to Announce Quarterly Earnings on Thursday

Pinnacle West Capital (NYSE:PNW - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Thursday, May 1st. Analysts expect Pinnacle West Capital to post earnings of ($0.01) per share and revenue of $988.95 million for the quarter. Pinnacle West Capital has set its FY 2025 guidance at 4.400-4.600 EPS.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The utilities provider reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.31) by $0.25. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. Pinnacle West Capital had a return on equity of 9.60% and a net margin of 12.26%. On average, analysts expect Pinnacle West Capital to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Pinnacle West Capital Stock Up 0.3 %

NYSE:PNW traded up $0.25 on Tuesday, hitting $94.84. The stock had a trading volume of 50,897 shares, compared to its average volume of 1,094,654. The company has a quick ratio of 0.54, a current ratio of 0.71 and a debt-to-equity ratio of 1.20. The business's fifty day moving average is $92.72 and its 200 day moving average is $89.64. The company has a market cap of $11.31 billion, a PE ratio of 17.98, a P/E/G ratio of 3.59 and a beta of 0.42. Pinnacle West Capital has a 52 week low of $72.78 and a 52 week high of $96.50.

Pinnacle West Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 5th will be paid a $0.895 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $3.58 annualized dividend and a dividend yield of 3.77%. Pinnacle West Capital's payout ratio is 68.58%.

Institutional Trading of Pinnacle West Capital

An institutional investor recently bought a new position in Pinnacle West Capital stock. Brighton Jones LLC bought a new position in shares of Pinnacle West Capital Co. (NYSE:PNW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,916 shares of the utilities provider's stock, valued at approximately $417,000. Institutional investors own 91.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group increased their price objective on Pinnacle West Capital from $96.00 to $99.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Morgan Stanley boosted their price objective on shares of Pinnacle West Capital from $84.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Wells Fargo & Company boosted their price target on Pinnacle West Capital from $92.00 to $95.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Guggenheim restated a "buy" rating and set a $100.00 price objective on shares of Pinnacle West Capital in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group reduced their price target on shares of Pinnacle West Capital from $106.00 to $104.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Pinnacle West Capital has a consensus rating of "Hold" and a consensus price target of $95.50.

About Pinnacle West Capital

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.