Wall Street brokerages expect that Pinnacle West Capital Corporation (NYSE:PNW) will announce $0.18 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Pinnacle West Capital Corporation’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.07. Pinnacle West Capital Corporation posted earnings per share of $0.47 during the same quarter last year, which would suggest a negative year over year growth rate of 61.7%. The company is expected to announce its next quarterly earnings results on Friday, February 23rd.

On average, analysts expect that Pinnacle West Capital Corporation will report full-year earnings of $4.27 per share for the current year, with EPS estimates ranging from $4.23 to $4.30. For the next financial year, analysts anticipate that the company will report earnings of $4.44 per share, with EPS estimates ranging from $4.35 to $4.64. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Pinnacle West Capital Corporation.

Pinnacle West Capital Corporation (NYSE:PNW) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $2.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.33 by $0.13. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.21 billion. Pinnacle West Capital Corporation had a return on equity of 10.31% and a net margin of 14.67%. Pinnacle West Capital Corporation’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $2.35 earnings per share.

A number of research firms recently issued reports on PNW. Royal Bank Of Canada reiterated a “hold” rating and set a $89.00 price objective on shares of Pinnacle West Capital Corporation in a report on Monday, July 24th. Morgan Stanley increased their price objective on Pinnacle West Capital Corporation from $79.00 to $83.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded Pinnacle West Capital Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Credit Suisse Group began coverage on Pinnacle West Capital Corporation in a report on Wednesday, September 20th. They set a “neutral” rating and a $90.00 price objective for the company. Finally, KeyCorp reiterated a “hold” rating on shares of Pinnacle West Capital Corporation in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Pinnacle West Capital Corporation has an average rating of “Hold” and a consensus price target of $86.40.

Pinnacle West Capital Corporation (NYSE PNW) traded up $1.45 during trading hours on Friday, hitting $89.79. The company had a trading volume of 676,800 shares, compared to its average volume of 678,947. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.68 and a current ratio of 0.90. The company has a market capitalization of $9,870.21, a P/E ratio of 19.08, a PEG ratio of 6.40 and a beta of 0.38. Pinnacle West Capital Corporation has a fifty-two week low of $72.15 and a fifty-two week high of $90.92.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 1st will be given a dividend of $0.695 per share. The ex-dividend date is Tuesday, October 31st. This is a boost from Pinnacle West Capital Corporation’s previous quarterly dividend of $0.66. This represents a $2.78 annualized dividend and a yield of 3.10%. Pinnacle West Capital Corporation’s dividend payout ratio is 60.04%.

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In other news, Chairman Donald E. Brandt sold 35,013 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $89.57, for a total value of $3,136,114.41. Following the completion of the sale, the chairman now directly owns 118,574 shares of the company’s stock, valued at $10,620,673.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David P. Falck sold 4,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $89.98, for a total value of $413,908.00. Following the completion of the sale, the executive vice president now directly owns 42,840 shares of the company’s stock, valued at $3,854,743.20. The disclosure for this sale can be found here. Insiders have sold 41,419 shares of company stock valued at $3,713,068 over the last three months. Insiders own 0.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PNW. OppenheimerFunds Inc. lifted its position in shares of Pinnacle West Capital Corporation by 2.6% in the first quarter. OppenheimerFunds Inc. now owns 5,521 shares of the utilities provider’s stock valued at $460,000 after buying an additional 138 shares during the last quarter. FMR LLC lifted its position in shares of Pinnacle West Capital Corporation by 10.6% in the first quarter. FMR LLC now owns 150,779 shares of the utilities provider’s stock valued at $12,572,000 after buying an additional 14,420 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Pinnacle West Capital Corporation by 5.1% in the first quarter. Thrivent Financial For Lutherans now owns 4,707 shares of the utilities provider’s stock valued at $390,000 after buying an additional 230 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Pinnacle West Capital Corporation by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 269,144 shares of the utilities provider’s stock valued at $22,441,000 after buying an additional 5,016 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its position in shares of Pinnacle West Capital Corporation by 4.8% in the second quarter. Xact Kapitalforvaltning AB now owns 9,320 shares of the utilities provider’s stock valued at $794,000 after buying an additional 423 shares during the last quarter. 85.15% of the stock is owned by institutional investors.

About Pinnacle West Capital Corporation

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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Earnings History and Estimates for Pinnacle West Capital Corporation (NYSE:PNW)

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