Last $62.70 USD
Change Today +0.75 / 1.21%
Volume 1.2M
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

pinnacle west capital (PNW) Key Developments

Pinnacle West Capital Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reaffirms Earnings Guidance for the Full Year 2014 and Provides Earnings Guidance for the Full Year 2015

Pinnacle West Capital Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating revenues of $1,172,667,000 compared to $1,152,392,000 a year ago. Operating income was $421,775,000 compared to $415,688,000 a year ago. Income before income taxes was $382,839,000 compared to $366,630,000 a year ago. Net income attributable to common shareholders was $243,961,000 or $2.20 diluted per share compared to $226,163,000 or $2.04 diluted per share a year ago. For the nine months, the company reported operating revenues of $2,765,182,000 compared to $2,754,866,000 a year ago. Operating income was $751,058,000 compared to $762,423,000 a year ago. Income before income taxes was $629,859,000 compared to $628,576,000 a year ago. Net income attributable to common shareholders was $392,185,000 or $3.53 diluted per share compared to $381,814,000 or $3.44 diluted per share a year ago. For the year 2014, the company continues to expect full-year on-going earnings to fall within the company’s projected range of $3.60 to $3.75 per diluted share. For the year 2015, the company estimates its on-going consolidated earnings will be within a range of $3.75 to $3.95 per diluted share. Longer-term, the company's goal is to achieve a consolidated earned return on average common equity of more than 9.5% annually through 2016.

Pinnacle West Capital Corporation Increases Quarterly Dividend, Payable on December 1, 2014

Pinnacle West Capital Corporation's Board of Directors voted to raise the company's dividend by 4.85% or 11 cents per common share annually. This action will result in an indicated annual dividend of $2.38 per share or $0.595 per share quarterly. The declared dividend is payable on December 1, 2014, to shareholders of record on November 3, 2014.

Pinnacle West Capital Corporation - Shareholder/Analyst Call

Pinnacle West Capital Corporation - Shareholder/Analyst Call

Pinnacle West Capital Corporation to Report Q3, 2014 Results on Oct 31, 2014

Pinnacle West Capital Corporation announced that they will report Q3, 2014 results at 12:00 PM, US Eastern Standard Time on Oct 31, 2014

Pinnacle West Capital Corporation, Q3 2014 Earnings Call, Oct 31, 2014

Pinnacle West Capital Corporation, Q3 2014 Earnings Call, Oct 31, 2014

 

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PNW

Industry Average

Valuation PNW Industry Range
Price/Earnings 16.7x
Price/Sales 2.0x
Price/Book 1.5x
Price/Cash Flow 8.4x
TEV/Sales 1.0x
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