Pinnacle West Capital (PNW) Projected to Post Earnings on Tuesday

Pinnacle West Capital (NYSE:PNW - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Pinnacle West Capital to post earnings of ($0.31) per share and revenue of $1.06 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Pinnacle West Capital Stock Up 0.9 %

NYSE:PNW traded up $0.85 on Friday, hitting $91.62. The stock had a trading volume of 1,148,608 shares, compared to its average volume of 1,001,453. Pinnacle West Capital has a 1 year low of $66.77 and a 1 year high of $95.42. The firm's fifty day simple moving average is $86.26 and its two-hundred day simple moving average is $87.98. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.54 and a current ratio of 0.71. The stock has a market cap of $10.42 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 3.58 and a beta of 0.57.

Pinnacle West Capital Dividend Announcement

The firm also recently declared 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. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Monday, February 3rd. Pinnacle West Capital's payout ratio is 67.80%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays cut Pinnacle West Capital from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $93.00 to $91.00 in a research report on Monday, November 18th. 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. Citigroup raised their price objective on shares of Pinnacle West Capital from $85.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Morgan Stanley dropped their target price on shares of Pinnacle West Capital from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. Finally, Wells Fargo & Company raised their price target on shares of Pinnacle West Capital from $90.00 to $92.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 7th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $85.21.

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.