During the last session, Pinnacle West Capital Corp. (NYSE:PNW)’s traded shares were 0.86 million, with the beta value of the company hitting 0.48. At the end of the trading day, the stock’s price was $73.69, reflecting an intraday loss of -0.69% or -$0.51. The 52-week high for the PNW share is $86.03, that puts it down -16.75 from that peak though still a striking 11.52% gain since the share price plummeted to a 52-week low of $65.20. The company’s market capitalization is $9.08B, and the average trade volume was 1.37 million shares over the past three months.
Pinnacle West Capital Corp. (NYSE:PNW) trade information
Pinnacle West Capital Corp. (PNW) registered a -0.69% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.69% in intraday trading to $73.69, hitting a weekly high. The stock’s 5-day price performance is -0.95%, and it has moved by -0.46% in 30 days. Based on these gigs, the overall price performance for the year is -6.71%.
Pinnacle West Capital Corp. (PNW) estimates and forecasts
Statistics show that Pinnacle West Capital Corp. has outperformed its competitors in share price, compared to the industry in which it operates. Pinnacle West Capital Corp. (PNW) shares have gone down -0.91% during the last six months, with a year-to-date growth rate more than the industry average at 7.94% against 5.50. In the rating firms’ projections, revenue will increase 2.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 973.17M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 1.1B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 790.89M and 1.09B respectively. In this case, analysts expect current quarter sales to grow by 23.00% and then jump by 1.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -0.59%. While earnings are projected to return 7.38% in 2024, the next five years will return 6.90% per annum.
PNW Dividends
Pinnacle West Capital Corp. is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Pinnacle West Capital Corp. is 3.49, with the dividend yield indicating at 4.74 percent, continuing the trend of increasing dividends in recent years.
