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Pinnacle West Capital Co. (NYSE:PNW) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.60-3.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.69, Analyst Ratings Network reports.

Shares of Pinnacle West Capital Co. (NYSE:PNW) opened at 54.85 on Thursday. Pinnacle West Capital Co. has a one year low of $51.15 and a one year high of $59.98. The stock has a 50-day moving average of $56.20 and a 200-day moving average of $54.89. The company has a market cap of $6.053 billion and a P/E ratio of 15.60.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. The company had revenue of $906.26 million for the quarter, compared to the consensus estimate of $931.65 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts predict that Pinnacle West Capital Co. will post $3.70 earnings per share for the current fiscal year.

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 4.14%. 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 a related note, 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $59.57.

Pinnacle West Capital Corporation (NYSE:PNW) is a holding company that conducts business through its subsidiaries.

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