Pinnacle West Capital (PNW) Set to Announce Quarterly Earnings on Thursday
Pinnacle West Capital (NYSE:PNW) is scheduled to be announcing its earnings results on Thursday, July 31st. Pinnacle West Capital has set its FY14 guidance at $3.60-3.75 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
Pinnacle West Capital (NYSE:PNW) last announced its earnings results on Friday, May 2nd. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.01. The company had revenue of $686.25 million for the quarter, compared to the consensus estimate of $695.78 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, analysts expect Pinnacle West Capital to post $3.69 EPS for the current fiscal year and $3.85 EPS for the next fiscal year.
Pinnacle West Capital (NYSE:PNW) traded down 0.58% during mid-day trading on Wednesday, hitting $55.54. The stock had a trading volume of 98,372 shares. Pinnacle West Capital has a 52 week low of $51.15 and a 52 week high of $59.98. The stock has a 50-day moving average of $56.19 and a 200-day moving average of $54.89. The company has a market cap of $6.129 billion and a P/E ratio of 15.60.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 1st will be paid a dividend of $0.5675 per share. This represents a $2.27 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Wednesday, July 30th.
A number of analysts have recently weighed in on PNW shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Pinnacle West Capital in a research note on Wednesday, July 23rd. They now have a $62.00 price target on the stock, up previously from $59.00. On the ratings front, analysts at CRT Capital reiterated a “fairly valued” rating on shares of Pinnacle West Capital in a research note on Monday, July 21st. They now have a $58.00 price target on the stock, up previously from $55.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Pinnacle West Capital in a research note on Wednesday, June 18th. They now have a $57.00 price target on the stock. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $59.57.
Pinnacle West Capital Corporation (NYSE:PNW) is a holding company that conducts business through its subsidiaries.
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