Pinnacle West Capital (NYSE:PNW) Updates FY 2025 Earnings Guidance

Pinnacle West Capital (NYSE:PNW) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.400-4.600 for the period, compared to the consensus EPS estimate of 4.530. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PNW. Wells Fargo & Company upped their target price on shares of Pinnacle West Capital from $92.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Barclays lowered Pinnacle West Capital from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $93.00 to $91.00 in a research report on Monday, November 18th. Jefferies Financial Group reduced their price target on shares of Pinnacle West Capital from $106.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. KeyCorp upgraded shares of Pinnacle West Capital from a “sector weight” rating to an “overweight” rating and set a $101.00 price objective on the stock in a research report on Wednesday, December 4th. Finally, Citigroup lifted their target price on shares of Pinnacle West Capital from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Pinnacle West Capital has a consensus rating of “Hold” and an average target price of $85.46.

Pinnacle West Capital Price Performance

NYSE PNW traded down $0.40 during trading hours on Wednesday, reaching $92.76. The company’s stock had a trading volume of 137,775 shares, compared to its average volume of 994,592. The company has a quick ratio of 0.54, a current ratio of 0.71 and a debt-to-equity ratio of 1.20. Pinnacle West Capital has a 1 year low of $66.77 and a 1 year high of $95.42. The firm’s 50-day moving average price is $86.39 and its 200-day moving average price is $88.07. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 3.59 and a beta of 0.57.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings results on Tuesday, February 25th. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.25. Pinnacle West Capital had a net margin of 12.26% and a return on equity of 9.60%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion. On average, equities research analysts predict that Pinnacle West Capital will post 5.13 EPS for the current fiscal year.

Pinnacle West Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be paid a $0.895 dividend. This represents a $3.58 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Monday, February 3rd. Pinnacle West Capital’s payout ratio is 67.80%.

About Pinnacle West Capital

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.