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

Pinnacle West Capital (NYSE:PNW - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.400-4.600 for the period, compared to the consensus EPS estimate of 4.530. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Pinnacle West Capital from $92.00 to $95.00 and gave the company an "equal weight" rating in a research report on Wednesday. Guggenheim reiterated a "buy" rating and set a $100.00 price target on shares of Pinnacle West Capital in a research report on Wednesday. Citigroup boosted their target price on Pinnacle West Capital from $85.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Jefferies Financial Group cut 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. Finally, Barclays cut Pinnacle West Capital from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $93.00 to $91.00 in a research note on Monday, November 18th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Pinnacle West Capital presently has an average rating of "Hold" and an average target price of $86.58.

Pinnacle West Capital Stock Up 1.8 %

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

Pinnacle West Capital (NYSE:PNW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The utilities provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.25. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion. Pinnacle West Capital had a net margin of 12.26% and a return on equity of 9.60%. Analysts predict that Pinnacle West Capital will post 5.13 earnings per share for the current year.

Pinnacle West Capital Announces Dividend

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

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.