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

Pinnacle West Capital (NYSE:PNW) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Pinnacle West Capital Stock Performance

Shares of Pinnacle West Capital stock opened at $74.54 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.50 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average price of $71.64 and a two-hundred day moving average price of $72.13. Pinnacle West Capital has a 1-year low of $65.20 and a 1-year high of $86.03. The company has a market cap of $8.46 billion, a P/E ratio of 16.90, a PEG ratio of 2.09 and a beta of 0.49.

Pinnacle West Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 1st will be issued 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 4.72%. Pinnacle West Capital’s payout ratio is currently 79.82%.

Analysts Set New Price Targets

PNW has been the subject of a number of recent analyst reports. StockNews.com downgraded Pinnacle West Capital from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Evercore ISI decreased their target price on Pinnacle West Capital from $76.00 to $69.00 and set an “in-line” rating for the company in a research report on Monday, March 4th. Mizuho decreased their target price on Pinnacle West Capital from $77.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Royal Bank of Canada decreased their target price on Pinnacle West Capital from $83.00 to $80.00 and set a “sector perform” rating for the company in a research report on Friday, March 1st. Finally, UBS Group raised Pinnacle West Capital from a “sell” rating to a “neutral” rating and boosted their target price for the company from $68.00 to $71.00 in a research report on Monday, March 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pinnacle West Capital currently has a consensus rating of “Hold” and an average price target of $73.00.

Pinnacle West Capital Company Profile

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.