Pinnacle West Capital Corp. (PNW) Scheduled to Post Quarterly Earnings on Thursday
Pinnacle West Capital Corp. (NYSE:PNW) is scheduled to issue its Q313 quarterly earnings data on Thursday, October 31st. Analysts expect the company to announce earnings of $2.15 per share and revenue of $1.11 billion for the quarter. Pinnacle West Capital Corp. has set its FY13 guidance at $3.55-3.70 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Pinnacle West Capital Corp. (NYSE:PNW) last posted its quarterly earnings results on Friday, August 2nd. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.11. The company had revenue of $915.82 million for the quarter, compared to the consensus estimate of $880.80 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. On average, analysts expect Pinnacle West Capital Corp. to post $3.64 EPS for the current fiscal year and $3.73 EPS for the next fiscal year.
Pinnacle West Capital Corp. (NYSE:PNW) opened at 58.24 on Wednesday. Pinnacle West Capital Corp. has a 52 week low of $48.73 and a 52 week high of $61.89. The stock has a 50-day moving average of $55.64 and a 200-day moving average of $57.20. The company has a market cap of $6.406 billion and a P/E ratio of 15.30.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Shareholders of record on Friday, November 1st will be given a dividend of $0.57 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Wednesday, October 30th. This is a positive change from Pinnacle West Capital Corp.’s previous quarterly dividend of $0.55.
A number of research firms have recently commented on PNW. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Pinnacle West Capital Corp. from $52.00 to $54.00 in a research note to investors on Monday. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Pinnacle West Capital Corp. in a research note to investors on Thursday, September 26th. They now have a $58.00 price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Pinnacle West Capital Corp. from a “sell” rating to a “neutral” rating in a research note to investors on Friday, September 13th. They now have a $57.00 price target on the stock. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.06.
Pinnacle West Capital Corporation (NYSE:PNW) is a holding company that conducts business through its subsidiaries.
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