Capital Power Co. to Post Q3 2024 Earnings of $1.02 Per Share, Raymond James Forecasts (TSE:CPX)

Capital Power Co. (TSE:CPX) – Equities researchers at Raymond James dropped their Q3 2024 earnings per share (EPS) estimates for Capital Power in a research report issued to clients and investors on Thursday, May 2nd. Raymond James analyst D. Quezada now forecasts that the company will post earnings per share of $1.02 for the quarter, down from their previous forecast of $1.05. 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 $3.21 per share. Raymond James also issued estimates for Capital Power’s Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $0.59 EPS and FY2025 earnings at $3.34 EPS.

Several other research firms also recently commented on CPX. National Bankshares decreased their target price on shares of Capital Power from C$45.00 to C$43.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. TD Securities decreased their price target on Capital Power from C$49.00 to C$47.00 in a research note on Thursday, May 2nd. ATB Capital lowered 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 report on Wednesday, January 17th. Desjardins reduced their target price on Capital Power from C$51.00 to C$49.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Finally, BMO Capital Markets lowered their price target on Capital Power from C$40.00 to C$38.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$44.45.

Capital Power Stock Down 0.3 %

Shares of Capital Power stock opened at C$36.30 on Monday. The firm has a market cap of C$4.69 billion, a price-to-earnings ratio of 6.01, a P/E/G ratio of 0.91 and a beta of 0.57. The stock has a 50-day simple moving average of C$37.25 and a 200-day simple moving average of C$37.27. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$46.73. The company has a debt-to-equity ratio of 153.08, a current ratio of 1.29 and a quick ratio of 0.55.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping 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 business had revenue of C$984.00 million during the quarter.

Capital Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a dividend of $0.615 per share. The ex-dividend date is Friday, June 28th. This represents a $2.46 dividend on an annualized basis and a yield of 6.78%. Capital Power’s dividend payout ratio (DPR) is presently 40.73%.

Insider Activity at Capital Power

In related 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 transaction of C$204,296.98. In other news, Senior Officer Bryan Deneve acquired 5,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of C$35.80 per share, for a total transaction of C$179,005.00. Also, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the business’s 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. Insiders own 0.17% of the company’s stock.

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.