Pinnacle West Capital (NYSE:PNW) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $4.75-4.95 for the period, compared to the Thomson Reuters consensus estimate of $4.74. Pinnacle West Capital also updated its FY18 guidance to $1.35-4.55 EPS.
Shares of NYSE:PNW opened at $85.39 on Thursday. The company has a market capitalization of $9.48 billion, a P/E ratio of 19.63, a PEG ratio of 4.24 and a beta of 0.04. Pinnacle West Capital has a fifty-two week low of $73.41 and a fifty-two week 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 company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 1st will be issued a $0.7375 dividend. This is a boost from Pinnacle West Capital’s previous quarterly dividend of $0.70. The ex-dividend date is Wednesday, October 31st. This represents a $2.95 annualized dividend and a yield of 3.45%. Pinnacle West Capital’s dividend payout ratio (DPR) is 67.82%.
ILLEGAL ACTIVITY NOTICE: This piece of content was published by WKRB News and is the sole property of of WKRB News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.wkrb13.com/2018/11/08/pinnacle-west-capital-pnw-releases-fy19-earnings-guidance.html.
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.
Recommended Story: Risk Tolerance and Your Investment Decisions
Receive News & Ratings for Pinnacle West Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle West Capital and related companies with MarketBeat.com's FREE daily email newsletter.