Analysts Offer Predictions for Capital Power Co.’s Q1 2024 Earnings (TSE:CPX)

Capital Power Co. (TSE:CPX) – Investment analysts at National Bank Financial issued their Q1 2024 earnings estimates for shares of Capital Power in a research note issued on Tuesday, April 23rd. National Bank Financial analyst P. Kenny anticipates that the company will post earnings of $0.37 per share for the quarter. The consensus estimate for Capital Power’s current full-year earnings is $3.15 per share.

Capital Power (TSE:CPX) last posted its quarterly earnings data 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 company 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 have also recently issued research reports about the stock. ATB Capital decreased their target price 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. Scotiabank decreased their price objective on shares of Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 17th. 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 on the stock in a research report on Thursday. CIBC decreased 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. Finally, 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 on the stock in a research report on Thursday, February 29th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$45.91.

Capital Power Price Performance

Shares of TSE:CPX opened at C$35.31 on Friday. The stock has a market cap of C$4.46 billion, a PE ratio of 5.86, a PEG ratio of 0.91 and a beta of 0.57. The company’s fifty day moving average is C$37.47 and its 200 day moving average is C$37.38. Capital Power has a 52 week low of C$35.11 and a 52 week high of C$46.73. The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08.

Capital Power Dividend Announcement

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

Insider Activity

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power 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. 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.