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

Pinnacle West Capital (NYSE:PNW) issued its quarterly earnings data on Tuesday. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.10 billion for 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 Pinnacle West Capital stock opened at $92.04 on Wednesday. Pinnacle West Capital has a 12-month low of $66.77 and a 12-month high of $95.42. 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 company’s fifty day simple moving average is $86.39 and its two-hundred day simple moving average is $88.07. The firm has a market cap of $10.47 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 3.59 and a beta of 0.57.

Pinnacle West Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be given a $0.895 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $3.58 annualized dividend and a yield of 3.89%. Pinnacle West Capital’s payout ratio is currently 67.80%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays cut Pinnacle West Capital from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $93.00 to $91.00 in a report on Monday, November 18th. Wells Fargo & Company lifted their target price 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. Citigroup raised their price objective on shares of Pinnacle West Capital from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Morgan Stanley reduced their target price on 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, Jefferies Financial Group dropped their price target on Pinnacle West Capital from $106.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Pinnacle West Capital presently has an average rating of “Hold” and an average target price of $85.46.

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.