Wall Street analysts forecast that Pinnacle West Capital Co. (NYSE:PNW) will report $0.14 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Pinnacle West Capital’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.05. Pinnacle West Capital reported earnings per share of $0.04 in the same quarter last year, which would suggest a positive year over year growth rate of 250%. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, May 2nd.

According to Zacks, analysts expect that Pinnacle West Capital will report full-year earnings of $4.26 per share for the current year, with EPS estimates ranging from $4.20 to $4.38. For the next financial year, analysts expect that the business will post earnings of $4.48 per share, with EPS estimates ranging from $4.39 to $4.57. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Pinnacle West Capital.

Pinnacle West Capital (NYSE:PNW) last announced its quarterly earnings data on Friday, February 24th. The utilities provider reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The business earned $739 million during the quarter, compared to analyst estimates of $791.38 million. Pinnacle West Capital had a return on equity of 8.97% and a net margin of 12.30%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share.

Several equities analysts have recently weighed in on PNW shares. Zacks Investment Research downgraded Pinnacle West Capital from a “hold” rating to a “sell” rating in a research report on Thursday, December 22nd. Goldman Sachs Group Inc raised Pinnacle West Capital from a “sell” rating to a “neutral” rating and boosted their target price for the company from $71.00 to $74.00 in a research report on Tuesday, January 17th. Mizuho boosted their target price on Pinnacle West Capital from $78.00 to $81.00 and gave the company a “neutral” rating in a research report on Monday, February 27th. Finally, Williams Capital downgraded Pinnacle West Capital from a “buy” rating to a “hold” rating and set a $79.00 target price on the stock. in a research report on Tuesday, March 7th. Seven analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $77.83.

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Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can increased its position in shares of Pinnacle West Capital by 8.1% in the third quarter. Bank of Montreal Can now owns 374,859 shares of the utilities provider’s stock valued at $28,486,000 after buying an additional 28,140 shares during the period. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Pinnacle West Capital during the third quarter valued at approximately $312,000. Regentatlantic Capital LLC increased its position in shares of Pinnacle West Capital by 8.5% in the third quarter. Regentatlantic Capital LLC now owns 4,515 shares of the utilities provider’s stock valued at $343,000 after buying an additional 355 shares during the period. State of Alaska Department of Revenue increased its position in shares of Pinnacle West Capital by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 14,827 shares of the utilities provider’s stock valued at $1,126,000 after buying an additional 855 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of Pinnacle West Capital by 1.9% in the third quarter. Great West Life Assurance Co. Can now owns 120,489 shares of the utilities provider’s stock valued at $9,154,000 after buying an additional 2,271 shares during the period. 82.61% of the stock is currently owned by institutional investors.

Shares of Pinnacle West Capital (NYSE:PNW) traded up 0.27% during trading on Thursday, reaching $85.97. The company’s stock had a trading volume of 556,135 shares. Pinnacle West Capital has a one year low of $70.11 and a one year high of $86.25. The company has a 50-day moving average price of $83.31 and a 200-day moving average price of $77.95. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 21.76 and a beta of 0.29.

About Pinnacle West Capital

Pinnacle West Capital Corporation is a holding company that operates through its subsidiaries. The Company operates through regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses and related activities, and includes electricity generation, transmission and distribution.

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