Pinnacle West Capital (NYSE:PNW) is scheduled to announce its earnings results before the market opens on Thursday, November 8th. Analysts expect the company to announce earnings of $2.67 per share for the quarter.
Pinnacle West Capital (NYSE:PNW) last posted its quarterly earnings data on Friday, August 3rd. The utilities provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.04. Pinnacle West Capital had a return on equity of 9.12% and a net margin of 12.95%. The business had revenue of $974.12 million for the quarter, compared to analyst estimates of $939.59 million. During the same quarter in the prior year, the company earned $1.49 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. On average, analysts expect Pinnacle West Capital to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Pinnacle West Capital stock opened at $82.25 on Thursday. Pinnacle West Capital has a twelve month low of $73.41 and a twelve month high of $92.48. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.36 and a current ratio of 0.50. The firm has a market cap of $9.25 billion, a PE ratio of 18.91, a P/E/G ratio of 4.17 and a beta of 0.13.
A number of analysts have recently weighed in on PNW shares. Wells Fargo & Co raised Pinnacle West Capital to a “buy” rating and upped their price objective for the stock from $88.00 to $90.00 in a research report on Sunday, September 16th. Goldman Sachs Group raised Pinnacle West Capital from a “neutral” rating to a “buy” rating in a research report on Thursday, October 18th. ValuEngine raised Pinnacle West Capital from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Barclays started coverage on Pinnacle West Capital in a research report on Monday, October 22nd. They set a “hold” rating and a $86.00 price objective on the stock. Finally, Williams Capital upped their price objective on Pinnacle West Capital from $80.00 to $84.00 and gave the stock a “hold” rating in a research report on Monday, October 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $84.20.
About Pinnacle West Capital
Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. It generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar resources. The company serves approximately 1.2 million homes and businesses.
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