Equities analysts predict that Pinnacle West Capital Corporation (NYSE:PNW) will report earnings of $0.18 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Pinnacle West Capital Corporation’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.33. Pinnacle West Capital Corporation reported earnings per share of $0.47 during the same quarter last year, which suggests a negative year over year growth rate of 61.7%. The firm is expected to announce its next 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 fiscal year, with EPS estimates ranging from $4.23 to $4.30. For the next year, analysts anticipate that the firm will report earnings of $4.45 per share, with EPS estimates ranging from $4.35 to $4.64. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Pinnacle West Capital Corporation.

Pinnacle West Capital Corporation (NYSE:PNW) last released its earnings results on Friday, November 3rd. The utilities provider reported $2.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.33 by $0.13. Pinnacle West Capital Corporation had a net margin of 14.67% and a return on equity of 10.31%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm earned $2.35 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year.

PNW has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Pinnacle West Capital Corporation from $83.00 to $86.00 and gave the stock an “underweight” rating in a report on Friday, September 8th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $84.00 price target on shares of Pinnacle West Capital Corporation in a report on Thursday, October 12th. Royal Bank Of Canada reissued a “hold” rating and issued a $89.00 price target on shares of Pinnacle West Capital Corporation in a report on Tuesday, August 29th. BidaskClub raised shares of Pinnacle West Capital Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $89.00 price target on shares of Pinnacle West Capital Corporation in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $86.40.

Shares of Pinnacle West Capital Corporation (NYSE PNW) opened at $88.34 on Friday. The stock has a market cap of $9,987.53, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 6.47 and a beta of 0.38. Pinnacle West Capital Corporation has a twelve month low of $72.15 and a twelve month high of $90.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.90 and a quick ratio of 0.48.

The firm 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. This is a boost from Pinnacle West Capital Corporation’s previous quarterly dividend of $0.66. This represents a $2.78 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Tuesday, October 31st. Pinnacle West Capital Corporation’s dividend payout ratio (DPR) is 60.04%.

In related news, Chairman Donald E. Brandt sold 35,013 shares of Pinnacle West Capital Corporation stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $89.57, for a total transaction of $3,136,114.41. Following the completion of the transaction, the chairman now directly owns 118,574 shares of the company’s stock, valued at approximately $10,620,673.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kathryn L. Munro sold 1,806 shares of Pinnacle West Capital Corporation stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $90.28, for a total transaction of $163,045.68. Following the transaction, the director now directly owns 17,852 shares of the company’s stock, valued at $1,611,678.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,419 shares of company stock valued at $3,713,068. 0.70% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Pinnacle West Capital Corporation by 4.4% in the second quarter. Vanguard Group Inc. now owns 11,774,150 shares of the utilities provider’s stock worth $1,002,686,000 after buying an additional 496,727 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Pinnacle West Capital Corporation by 27.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,351,968 shares of the utilities provider’s stock valued at $285,454,000 after purchasing an additional 716,993 shares during the last quarter. Boston Partners raised its position in Pinnacle West Capital Corporation by 37.6% during the 3rd quarter. Boston Partners now owns 2,824,466 shares of the utilities provider’s stock worth $238,837,000 after buying an additional 771,900 shares during the last quarter. American Century Companies Inc. raised its position in Pinnacle West Capital Corporation by 3.8% during the 3rd quarter. American Century Companies Inc. now owns 2,610,779 shares of the utilities provider’s stock worth $220,767,000 after buying an additional 94,914 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Pinnacle West Capital Corporation by 0.3% during the 2nd quarter. Franklin Resources Inc. now owns 1,962,966 shares of the utilities provider’s stock worth $167,166,000 after buying an additional 5,092 shares during the last quarter. 84.31% of the stock is owned by institutional investors and hedge funds.

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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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