With 1.32 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.26 million shares. The 52-week range on PNW shows that it touched its highest point at $96.50 and its lowest point at $74.45 during that stretch. It currently has a 1-year price target of $98.00. With its current market cap of 10.81 billion, PNW has annualized dividend of $3.56 while the current yield stands at 3.94%. Beta for the stock currently stands at 0.42.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PNW was down-trending over the past week, with a drop of -1.62%, but this was down by -3.98% over a month. Three-month performance surged to 1.31% while six-month performance fell -1.51%. The stock gained 17.62% in the past year, while it has gained 6.78% so far this year. A look at the trailing 12-month EPS for PNW yields 5.03 with Next year EPS estimates of 5.08. For the next quarter, that number is 1.57. This implies an EPS growth rate of -13.17% for this year and 11.73% for next year. EPS is expected to grow by 2.86% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 1.87%.
Float and Shares Shorts:
At present, 119.40 million PNW shares are outstanding with a float of 119.05 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PNW since 9 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $5.21167 being high and $5.09163 being low. For PNW, this leads to a yearly average estimate of $5.13164. Based on analyst estimates, the high estimate for the next quarter is $3.26 and the low estimate is $2.78. The average estimate for the next quarter is thus $3.01.
