FY2024 Earnings Forecast for Capital Power Co. (TSE:CPX) Issued By Atb Cap Markets

Capital Power Co. (TSE:CPX) – Stock analysts at Atb Cap Markets lifted their FY2024 earnings per share (EPS) estimates for shares of Capital Power in a research note issued to investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings per share of $3.30 for the year, up from their prior estimate of $3.06. The consensus estimate for Capital Power’s current full-year earnings is $3.15 per share.

Capital Power (TSE:CPX) last announced its quarterly earnings data 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 firm had revenue of C$984.00 million for the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%.

Other research analysts have also issued reports about the company. ATB Capital reduced their price target on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 17th. National Bankshares reduced their price target on Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. CIBC reduced their price target on Capital Power from C$43.00 to C$40.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Raymond James reduced their price target on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research report on Thursday. Finally, Scotiabank dropped their price objective on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$45.91.

Capital Power Stock Down 0.2 %

Shares of CPX opened at C$35.31 on Friday. The firm has a market capitalization of C$4.46 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 0.91 and a beta of 0.57. 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’s fifty day moving average price is C$37.45 and its two-hundred day moving average price is C$37.36. Capital Power has a 52 week low of C$35.11 and a 52 week high of C$46.73.

Capital Power Announces Dividend

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

Insider Buying and Selling at Capital Power

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

About Capital Power

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.