Q3 2024 EPS Estimates for Capital Power Co. (TSE:CPX) Cut by Analyst

Capital Power Co. (TSE:CPX) – Equities research analysts at Raymond James lowered their Q3 2024 earnings per share estimates for shares of Capital Power in a research note issued to investors on Thursday, May 2nd. Raymond James analyst D. Quezada now expects that the company will post earnings per share of $1.02 for the quarter, down from their prior estimate of $1.05. 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 $3.21 per share. Raymond James also issued estimates for Capital Power’s Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $0.59 EPS and FY2025 earnings at $3.34 EPS.

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

Several other brokerages have also weighed in on CPX. ATB Capital cut 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 Wednesday, January 17th. Scotiabank cut their price objective on Capital Power from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Thursday. National Bankshares decreased their target price on Capital Power from C$45.00 to C$43.00 and set an “outperform” rating for the company in a report on Thursday. CIBC dropped their target price on shares of Capital Power from C$40.00 to C$39.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, BMO Capital Markets reduced their price target 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$44.45.

Capital Power Stock Up 0.6 %

Shares of CPX opened at C$36.05 on Monday. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$46.73. The company’s fifty day moving average is C$37.30 and its two-hundred day moving average is C$37.27. The firm has a market cap of C$4.66 billion, a PE ratio of 5.97, a price-to-earnings-growth 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.

Insiders Place Their Bets

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 stock was 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 company insiders.

Capital Power Announces Dividend

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