Pinnacle West Capital (PNW) Set to Announce Quarterly Earnings on Friday
Pinnacle West Capital (NYSE:PNW) is set to post its Q114 quarterly earnings results on Friday, May 2nd. Analysts expect Pinnacle West Capital to post earnings of $0.13 per share and revenue of $695.78 million for the quarter. Pinnacle West Capital has set its FY14 guidance at $3.60-3.75 EPS.Investors that wish to register for the company’s conference call can do so using this link.
Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.04. The company had revenue of $699.76 million for the quarter, compared to the consensus estimate of $664.58 million. On average, analysts expect Pinnacle West Capital to post $3.70 EPS for the current fiscal year and $3.85 EPS for the next fiscal year.
Shares of Pinnacle West Capital (NYSE:PNW) opened at 55.95 on Thursday. Pinnacle West Capital has a 52 week low of $51.15 and a 52 week high of $61.89. The stock’s 50-day moving average is $55.1 and its 200-day moving average is $54.34. The company has a market cap of $6.165 billion and a P/E ratio of 15.40.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 2nd. Shareholders of record on Monday, May 5th will be given a dividend of $0.5675 per share. This represents a $2.27 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Thursday, May 1st.
PNW has been the subject of a number of recent research reports. Analysts at Argus upgraded shares of Pinnacle West Capital from a “hold” rating to a “buy” rating in a research note on Friday, April 11th. They now have a $64.00 price target on the stock. They noted that the move was a valuation call. On the ratings front, analysts at Bank of America downgraded shares of Pinnacle West Capital from a “buy” rating to a “neutral” rating in a research note on Friday, March 28th. They now have a $55.00 price target on the stock, down previously from $59.00. Finally, analysts at BofA Merrill Lynch downgraded shares of Pinnacle West Capital from a “buy” rating to a “neutral” rating in a research note on Friday, March 28th. They now have a $55.00 price target on the stock, down previously from $59.00. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $58.68.
Pinnacle West Capital Corporation (NYSE:PNW) is a holding company that conducts business through its subsidiaries.
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