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

Capital Power Co. (TSE:CPX) – Stock analysts at Atb Cap Markets increased their Q1 2024 EPS estimates for 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 of $0.79 per share 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.

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

Other equities analysts also recently issued research reports about the stock. CIBC lowered their target price on shares of Capital Power from C$43.00 to C$40.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Royal Bank of Canada decreased their price objective on shares of 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. Scotiabank decreased their price objective on shares of 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. National Bankshares decreased their price objective on shares of Capital Power from C$48.00 to C$45.00 in a research note on Wednesday, January 17th. Finally, Raymond James decreased their price objective on shares of 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. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$45.91.

Capital Power Stock Performance

Shares of CPX stock opened at C$35.31 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 153.08. The firm has a fifty day moving average price of C$37.47 and a 200 day moving average price of C$37.38. The company has a market cap of C$4.46 billion, a P/E ratio of 5.86, a PEG ratio of 0.91 and a beta of 0.57. Capital Power has a 12 month low of C$35.11 and a 12 month high of C$46.73.

Capital Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued 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%.

Insider Activity

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