Atb Cap Markets Comments on Capital Power Co.’s FY2024 Earnings (TSE:CPX)

Capital Power Co. (TSE:CPX) – Stock analysts at Atb Cap Markets raised their FY2024 earnings estimates for shares of Capital Power in a report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $3.30 per share for the year, up from their previous forecast of $3.06. The consensus estimate for Capital Power’s current full-year earnings is $3.15 per share.

Other analysts have also issued research reports about the stock. Scotiabank lowered 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 reduced their price target on shares of Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. Raymond James reduced their price target 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 report on Thursday. 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. Finally, ATB Capital 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 Wednesday, January 17th. Six 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, Capital Power has a consensus rating of “Hold” and an average target price of C$45.91.

Capital Power Stock Performance

TSE:CPX opened at C$35.31 on Friday. The company has a fifty day moving average of C$37.47 and a 200-day moving average of C$37.38. The firm has a market capitalization of C$4.46 billion, a P/E ratio of 5.85, a P/E/G ratio of 0.91 and a beta of 0.57. 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 has a twelve month low of C$35.11 and a twelve month high of C$46.73.

Capital Power (TSE:CPX) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating the consensus estimate 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%.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power stock in a transaction on 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 Dividend Announcement

The company also recently disclosed 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. This represents a $2.46 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date is Wednesday, March 27th. Capital Power’s dividend payout ratio is 40.73%.

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.