Pinnacle West Capital Corp. (NYSE: PNW) closed the day trading at $68.05 down -0.41% from the previous closing price of $68.33. In other words, the price has decreased by -$0.28 from its previous closing price. On the day, 3184433 shares were traded. PNW stock price reached its highest trading level at $68.43 during the session, while it also had its lowest trading level at $67.52.
Ratios:
For a better understanding of PNW, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.34 and its Current Ratio is at 0.51. In the meantime, Its Debt-to-Equity ratio is 1.67 whereas as Long-Term Debt/Eq ratio is at 1.42.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Ladenburg Thalmann on February 14, 2024, initiated with a Neutral rating and assigned the stock a target price of $69.
On January 22, 2024, Guggenheim Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $78.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 08 when Smith Robert Edgar sold 1,610 shares for $75.95 per share. The transaction valued at 122,280 led to the insider holds 9,178 shares of the business.
Geisler Theodore N sold 1,484 shares of PNW for $118,616 on Aug 24. The President, APS now owns 6,750 shares after completing the transaction at $79.93 per share. On Aug 24, another insider, Geisler Theodore N, who serves as the President, APS of the company, sold 7 shares for $79.73 each. As a result, the insider received 558 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PNW now has a Market Capitalization of 7.72B and an Enterprise Value of 18.02B. As of this moment, Pinnacle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.44, and their Forward P/E ratio for the next fiscal year is 13.58. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.64 while its Price-to-Book (P/B) ratio in mrq is 1.25. Its current Enterprise Value per Revenue stands at 3.84 whereas that against EBITDA is 10.12.
Stock Price History:
Over the past 52 weeks, PNW has reached a high of $86.03, while it has fallen to a 52-week low of $65.20. The 50-Day Moving Average of the stock is 70.06, while the 200-Day Moving Average is calculated to be 75.57.
Shares Statistics:
Over the past 3-months, PNW traded about 1.34M shares per day on average, while over the past 10 days, PNW traded about 2.47M shares per day. A total of 113.42M shares are outstanding, with a floating share count of 113.16M. Insiders hold about 0.23% of the company’s shares, while institutions hold 87.02% stake in the company. Shares short for PNW as of Feb 15, 2024 were 2.91M with a Short Ratio of 2.18, compared to 1.55M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.57% and a Short% of Float of 2.94%.
Dividends & Splits
PNW’s forward annual dividend rate is 3.49, up from 3.47 a year ago. Against a Trailing Annual Dividend Yield of 5.09%, it implies a Forward Annual Dividend Yield of 5.17%. The stock’s 5-year Average Dividend Yield is 4.18. The current Payout Ratio is 78.85% for PNW, which recently paid a dividend on Mar 01, 2024 with an ex-dividend date of Jan 31, 2024. Stock splits for the company last occurred on Apr 28, 2011 when the company split stock in a 10:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.14 and a low estimate of -$0.23, while EPS last year was -$0.03. The consensus estimate for the next quarter is $1.24, with high estimates of $1.46 and low estimates of $1.05.
Analysts are recommending an EPS of between $5.06 and $4.27 for the fiscal current year, implying an average EPS of $4.76. EPS for the following year is $4.98, with 13 analysts recommending between $5.26 and $4.57.
Revenue Estimates
2 analysts predict $909.8M in revenue for the current quarter. It ranges from a high estimate of $990.6M to a low estimate of $829M. As of the current estimate, Pinnacle West Capital Corp.’s year-ago sales were $790.89M, an estimated increase of 15.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $1.17B, an increase of 7.70% less than the figure of $15.00% in the same quarter last year. There is a high estimate of $1.18B for the next quarter, whereas the lowest estimate is $1.16B.
A total of 11 analysts have provided revenue estimates for PNW’s current fiscal year. The highest revenue estimate was $5.06B, while the lowest revenue estimate was $4.33B, resulting in an average revenue estimate of $4.77B. In the same quarter a year ago, actual revenue was $4.7B, up 1.60% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $4.97B in the next fiscal year. The high estimate is $5.24B and the low estimate is $4.56B. The average revenue growth estimate for next year is up 4.20% from the average revenue estimate for this year.
