Several brokerages have updated their recommendations and price targets on shares of Pinnacle West Capital Corp. (NYSE: PNW) in the last few weeks:
Shares of Pinnacle West Capital Corp. (NYSE:PNW) traded up 0.95% during mid-day trading on Thursday, hitting $74.31. The stock had a trading volume of 790,687 shares. Pinnacle West Capital Corp. has a 1-year low of $60.70 and a 1-year high of $82.78. The stock’s 50-day moving average is $75.66 and its 200 day moving average is $75.98. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 19.62 and a beta of 0.33.
Pinnacle West Capital Corp. (NYSE:PNW) last announced its earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by $0.06. Pinnacle West Capital Corp. had a return on equity of 8.94% and a net margin of 12.02%. The company earned $915.40 million during the quarter, compared to analysts’ expectations of $915.40 million. During the same quarter last year, the firm posted $1.10 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that Pinnacle West Capital Corp. will post $3.99 EPS for the current fiscal year.