Atb Cap Markets Research Analysts Lift Earnings Estimates for Capital Power Co. (TSE:CPX)

Capital Power Co. (TSE:CPX) – Stock analysts at Atb Cap Markets increased their Q2 2024 earnings per share estimates for shares of Capital Power in a report issued on Wednesday, May 1st. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.86 for the quarter, up from their prior estimate of $0.74. The consensus estimate for Capital Power’s current full-year earnings is $3.21 per share. Atb Cap Markets also issued estimates for Capital Power’s Q3 2024 earnings at $1.23 EPS, Q4 2024 earnings at $1.00 EPS, FY2024 earnings at $4.66 EPS, Q2 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $3.71 EPS and FY2026 earnings at $3.82 EPS.

Several other research firms also recently weighed in on CPX. Royal Bank of Canada decreased their price target on shares of Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating for the company in a research note on Thursday. ATB Capital lowered their target price on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a report on Wednesday, January 17th. CIBC cut their price target on Capital Power from C$40.00 to C$39.00 and set a “neutral” rating on the stock in a research note on Thursday. Desjardins lowered their price objective on shares of Capital Power from C$51.00 to C$49.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Finally, BMO Capital Markets cut their target price on shares of Capital Power from C$40.00 to C$38.00 and set a “market perform” rating on the stock in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Capital Power currently has an average rating of “Hold” and a consensus target price of C$44.45.

Capital Power Trading Up 0.6 %

Shares of CPX opened at C$36.05 on Monday. The firm has a market capitalization of C$4.66 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 0.91 and a beta of 0.57. The company has a debt-to-equity ratio of 153.08, a current ratio of 1.29 and a quick ratio of 0.55. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$46.73. The company has a 50-day moving average of C$37.30 and a 200 day moving average of C$37.27.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, topping the consensus estimate of C$0.72 by C$0.02. The business had revenue of C$984.00 million during the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%.

Capital Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date is Friday, June 28th. Capital Power’s dividend payout ratio is currently 40.73%.

Insider Transactions at Capital Power

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the firm’s 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 value of C$204,296.98. Insiders own 0.17% of the company’s stock.

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.