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

Capital Power Co. (TSE:CPX) – Equities researchers at Atb Cap Markets increased their Q1 2024 EPS estimates for Capital Power in a report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $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.

A number of other analysts have also issued reports on the stock. Scotiabank reduced their price target 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 report on Wednesday, January 17th. Royal Bank of Canada reduced their price target 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 report on Thursday, February 29th. ATB Capital cut their price objective on shares of 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 cut their price objective on shares of Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. Finally, CIBC cut their price objective on shares of 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. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Capital Power currently has an average rating of “Hold” and an average price target of C$45.91.

Capital Power Price Performance

TSE CPX opened at C$35.39 on Thursday. The company has a 50 day simple moving average of C$37.49 and a 200-day simple moving average of C$37.39. The company has a debt-to-equity ratio of 153.08, a current ratio of 1.29 and a quick ratio of 0.55. The firm has a market capitalization of C$4.47 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. Capital Power has a 52-week low of C$35.11 and a 52-week high of C$46.73.

Capital Power (TSE:CPX) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.02. The business 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%.

Insider Buying and Selling at Capital Power

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

Capital Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.615 per share. The ex-dividend date is Wednesday, March 27th. This represents a $2.46 annualized dividend and a yield of 6.95%. Capital Power’s dividend payout ratio (DPR) is presently 40.73%.

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.