Q1 2024 Earnings Estimate for Capital Power Co. Issued By Atb Cap Markets (TSE:CPX)

Capital Power Co. (TSE:CPX) – Stock analysts at Atb Cap Markets lowered their Q1 2024 earnings estimates for Capital Power in a report issued on Wednesday, November 1st. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.81 for the quarter, down from their prior forecast of $0.88. The consensus estimate for Capital Power’s current full-year earnings is $3.43 per share. Atb Cap Markets also issued estimates for Capital Power’s Q4 2024 earnings at $1.01 EPS and FY2024 earnings at $3.35 EPS.

Capital Power (TSE:CPX) last released its quarterly earnings results on Wednesday, August 2nd. The company reported C$0.67 earnings per share for the quarter, missing the consensus estimate of C$0.94 by C($0.27). Capital Power had a return on equity of 10.46% and a net margin of 13.52%. The firm had revenue of C$823.00 million for the quarter.

Several other research firms have also recently weighed in on CPX. Desjardins cut their price target on shares of Capital Power from C$54.00 to C$52.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. National Bankshares lowered their price objective on shares of Capital Power from C$48.00 to C$47.00 in a research report on Thursday. ATB Capital lowered their price objective on shares of Capital Power from C$44.00 to C$42.00 in a research report on Thursday. Scotiabank lowered their price objective on shares of Capital Power from C$50.00 to C$47.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 25th. Finally, BMO Capital Markets lowered their price objective on shares of Capital Power from C$46.00 to C$42.00 in a research report on Thursday. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Capital Power currently has an average rating of “Hold” and an average target price of C$47.83.

Capital Power Stock Up 0.6 %

Capital Power stock opened at C$38.97 on Friday. Capital Power has a fifty-two week low of C$35.11 and a fifty-two week high of C$50.28. The stock has a market cap of C$4.56 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. The firm’s 50-day simple moving average is C$38.88 and its 200 day simple moving average is C$41.57. The company has a debt-to-equity ratio of 132.37, a quick ratio of 0.55 and a current ratio of 0.79.

Capital Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be given a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 6.31%. The ex-dividend date of this dividend is Thursday, December 28th. Capital Power’s dividend payout ratio (DPR) is currently 105.13%.

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 of power generation capacity at 29 facilities.