Pinnacle West Capital (NYSE:PNW) Releases Quarterly Earnings Results, Beats Estimates By $0.25 EPS

Pinnacle West Capital (NYSE:PNW - Get Free Report) released its quarterly earnings results on Tuesday. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.25, Zacks reports. Pinnacle West Capital had a return on equity of 9.60% and a net margin of 12.26%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. Pinnacle West Capital updated its FY 2025 guidance to 4.400-4.600 EPS.

Pinnacle West Capital Price Performance

Shares of NYSE PNW traded up $1.67 during mid-day trading on Friday, hitting $92.53. 938,189 shares of the company's stock traded hands, compared to its average volume of 1,026,315. Pinnacle West Capital has a 1 year low of $67.51 and a 1 year high of $95.42. The company has a market capitalization of $10.52 billion, a P/E ratio of 17.53, a PEG ratio of 3.59 and a beta of 0.57. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.71 and a quick ratio of 0.54. The company's 50-day moving average is $86.80 and its two-hundred day moving average is $88.16.

Pinnacle West Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be given a dividend of $0.895 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.87%. Pinnacle West Capital's dividend payout ratio is 67.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PNW. Barclays lowered shares of Pinnacle West Capital from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $93.00 to $91.00 in a research report on Monday, November 18th. Jefferies Financial Group decreased their price target on Pinnacle West Capital from $106.00 to $104.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. KeyCorp raised Pinnacle West Capital from a "sector weight" rating to an "overweight" rating and set a $101.00 target price for the company in a research note on Wednesday, December 4th. Guggenheim restated a "buy" rating and issued a $100.00 price target on shares of Pinnacle West Capital in a research note on Wednesday. Finally, Citigroup upped their target price on Pinnacle West Capital from $85.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $86.58.

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.