Raymond James Equities Analysts Boost Earnings Estimates for Capital Power Co. (TSE:CPX)

Capital Power Co. (TSE:CPX) – Stock analysts at Raymond James boosted their Q2 2024 earnings per share estimates for shares of Capital Power in a research note issued to investors on Thursday, April 25th. Raymond James analyst D. Quezada now forecasts that the company will post earnings per share of $0.72 for the quarter, up from their prior forecast of $0.64. Raymond James has a “Market Perform” rating and a $45.00 price objective on the stock. The consensus estimate for Capital Power’s current full-year earnings is $3.15 per share. Raymond James also issued estimates for Capital Power’s Q1 2025 earnings at $0.83 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $1.18 EPS, Q4 2025 earnings at $0.73 EPS and FY2025 earnings at $3.35 EPS.

CPX has been the topic of several other research reports. 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 on the stock in a research report on Wednesday, January 17th. Scotiabank reduced their target price on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 17th. National Bankshares lowered their price target on Capital Power from C$48.00 to C$45.00 in a report on Wednesday, January 17th. CIBC reduced their price objective on Capital Power from C$43.00 to C$40.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Finally, Royal Bank of Canada decreased their target price on 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Capital Power presently has a consensus rating of “Hold” and an average price target of C$45.91.

Capital Power Price Performance

CPX stock opened at C$35.31 on Friday. The company’s 50-day moving average price is C$37.47 and its two-hundred day moving average price is C$37.38. The firm has a market cap of C$4.46 billion, a P/E ratio of 5.86, 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 12 month low of C$35.11 and a 12 month high of C$46.73.

Capital Power (TSE:CPX) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$984.00 million for the quarter.

Capital Power Dividend Announcement

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

Insider Activity

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power stock in a transaction that occurred 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. 0.17% of the stock is currently owned by insiders.

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.