Capital Power Co. (TSE:CPX) Expected to Earn Q1 2024 Earnings of $0.79 Per Share

Capital Power Co. (TSE:CPX) – Analysts at Atb Cap Markets increased their Q1 2024 earnings per share (EPS) estimates for shares of Capital Power in a research report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.79 for the quarter, up from their prior estimate of $0.64. The consensus estimate for Capital Power’s current full-year earnings is $3.15 per share.

Other research analysts have also recently issued research reports about the company. ATB Capital lowered their target price on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 17th. National Bankshares lowered their price objective on Capital Power from C$48.00 to C$45.00 in a research note on Wednesday, January 17th. Raymond James lowered their price objective on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research note on Thursday. Scotiabank lowered their price objective on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada lowered their price objective on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Thursday, February 29th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$45.91.

Capital Power Trading Down 0.2 %

CPX opened at C$35.31 on Thursday. The stock has a market cap of C$4.46 billion, a PE ratio of 5.86, a PEG ratio of 0.91 and a beta of 0.57. The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08. The business has a 50 day moving average of C$37.47 and a 200-day moving average of C$37.38. Capital Power has a 52 week low of C$35.11 and a 52 week high of C$46.73.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.02. The company had revenue of C$984.00 million during the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%.

Capital Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 6.97%. The ex-dividend date is Wednesday, March 27th. Capital Power’s payout ratio is currently 40.73%.

Insider Buying and Selling

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total value of C$204,296.98. 0.17% of the stock is currently owned by corporate insiders.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.