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

Pinnacle West Capital (NYSE:PNW) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.400-4.600 for the period, compared to the consensus earnings per share estimate of 4.750. The company issued revenue guidance of -. Pinnacle West Capital also updated its FY 2024 guidance to 5.000-5.200 EPS.

Pinnacle West Capital Stock Up 2.9 %

Pinnacle West Capital stock traded up $2.59 during midday trading on Friday, hitting $91.81. 1,860,323 shares of the company were exchanged, compared to its average volume of 1,146,640. The company has a market cap of $10.43 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 2.13 and a beta of 0.52. Pinnacle West Capital has a fifty-two week low of $65.20 and a fifty-two week high of $92.59. The company’s fifty day moving average price is $88.34 and its 200-day moving average price is $82.61. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.66 and a quick ratio of 0.48.

Pinnacle West Capital (NYSE:PNW) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.35 by $0.02. Pinnacle West Capital had a return on equity of 9.75% and a net margin of 12.65%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.68 billion. On average, research analysts predict that Pinnacle West Capital will post 4.9 EPS for the current fiscal year.

Pinnacle West Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a dividend of $0.895 per share. This is a boost from Pinnacle West Capital’s previous quarterly dividend of $0.88. This represents a $3.58 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Monday, November 4th. Pinnacle West Capital’s dividend payout ratio is 67.80%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of Pinnacle West Capital from $78.00 to $83.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Jefferies Financial Group assumed coverage on Pinnacle West Capital in a research note on Thursday, September 19th. They issued a “buy” rating and a $104.00 price target for the company. Wells Fargo & Company upped their price objective on Pinnacle West Capital from $90.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, StockNews.com upgraded Pinnacle West Capital from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $80.96.

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.