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

Pinnacle West Capital (NYSE:PNW) will be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Pinnacle West Capital Trading Up 1.6 %

Shares of NYSE:PNW opened at $74.89 on Tuesday. Pinnacle West Capital has a 1 year low of $65.20 and a 1 year high of $86.03. The stock’s fifty day moving average price is $72.02 and its 200-day moving average price is $72.11. The company has a market cap of $8.50 billion, a P/E ratio of 16.98, a PEG ratio of 2.08 and a beta of 0.49. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.67 and a quick ratio of 0.50.

Pinnacle West Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 1st will be given a dividend of $0.88 per share. The ex-dividend date is Tuesday, April 30th. This represents a $3.52 dividend on an annualized basis and a yield of 4.70%. Pinnacle West Capital’s dividend payout ratio (DPR) is 79.82%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PNW shares. LADENBURG THALM/SH SH initiated coverage on shares of Pinnacle West Capital in a research note on Wednesday, February 14th. They issued a “neutral” rating and a $69.00 price objective on the stock. Evercore ISI decreased 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 note on Monday, March 4th. Mizuho cut their target price on shares of Pinnacle West Capital from $77.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, March 6th. Morgan Stanley boosted their target price on Pinnacle West Capital from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Finally, Citigroup started coverage on shares of Pinnacle West Capital in a report on Monday. They issued a “neutral” rating and a $78.00 target price for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $73.42.

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.