Q2 2024 EPS Estimates for Capital Power Co. Increased by Analyst (TSE:CPX)

Capital Power Co. (TSE:CPX) – Research analysts at Raymond James lifted their Q2 2024 earnings estimates for shares of Capital Power in a research report issued to clients and investors on Thursday, April 25th. Raymond James analyst D. Quezada now expects that the company will earn $0.72 per share for the quarter, up from their previous forecast of $0.64. Raymond James currently has a “Market Perform” rating and a $45.00 target price on the stock. The consensus estimate for Capital Power’s current full-year earnings is $3.15 per share. Raymond James also issued estimates for Capital Power’s Q1 2025 earnings at $0.83 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $1.18 EPS, Q4 2025 earnings at $0.73 EPS and FY2025 earnings at $3.35 EPS.

Several other research firms also recently issued reports on CPX. CIBC decreased their price objective on shares of Capital Power from C$43.00 to C$40.00 and set a “neutral” rating for the company in a report on Friday, April 19th. ATB Capital dropped their price objective on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 17th. National Bankshares cut their price objective on Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. Scotiabank lowered their target price on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 17th. Finally, Royal Bank of Canada cut their price target on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a report on Thursday, February 29th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Capital Power currently has an average rating of “Hold” and a consensus price target of C$45.91.

Capital Power Stock Down 0.2 %

CPX opened at C$35.31 on Friday. Capital Power has a twelve month low of C$35.11 and a twelve month high of C$46.73. The company has a debt-to-equity ratio of 153.08, a quick ratio of 0.55 and a current ratio of 1.29. The business has a 50 day moving average price of C$37.47 and a 200 day moving average price of C$37.38. The firm has a market cap of C$4.46 billion, a P/E ratio of 5.86, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57.

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

Insider Buying and Selling

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

Capital Power Announces Dividend

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

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.