Pinnacle West Capital (PNW) Scheduled to Post Quarterly Earnings on Thursday

Pinnacle West Capital (NYSE:PNW) is set to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Pinnacle West Capital to post earnings of $0.05 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Pinnacle West Capital Trading Down 0.5 %

NYSE:PNW opened at $73.65 on Wednesday. The stock has a fifty day simple moving average of $72.11 and a 200-day simple moving average of $72.09. Pinnacle West Capital has a 52-week low of $65.20 and a 52-week high of $86.03. The company has a market capitalization of $8.36 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 2.08 and a beta of 0.49. The company has a quick ratio of 0.50, a current ratio of 0.67 and a debt-to-equity ratio of 1.20.

Pinnacle West Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 1st will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 4.78%. The ex-dividend date is Tuesday, April 30th. Pinnacle West Capital’s dividend payout ratio (DPR) is 79.82%.

Analyst Upgrades and Downgrades

PNW has been the subject of a number of research reports. Bank of America upgraded Pinnacle West Capital from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $71.00 to $80.00 in a report on Monday, March 18th. Mizuho reduced their price target on Pinnacle West Capital from $77.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, March 6th. UBS Group raised Pinnacle West Capital from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $68.00 to $71.00 in a research report on Monday, March 11th. Guggenheim raised Pinnacle West Capital from a “neutral” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Monday, January 22nd. Finally, Evercore ISI cut their target price on Pinnacle West Capital from $76.00 to $69.00 and set an “in-line” rating on the stock in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Pinnacle West Capital currently has a consensus rating of “Hold” and a consensus target price of $73.42.

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.