Capital Power Co. (TSE:CPX – Free Report) – Analysts at Atb Cap Markets decreased their Q3 2024 earnings per share estimates for Capital Power in a report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $1.03 per share for the quarter, down from their previous forecast of $1.32. Atb Cap Markets currently has a “Strong-Buy” rating on the stock. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share.
A number of other brokerages have also recently issued reports on CPX. Desjardins raised their target price on Capital Power from C$53.00 to C$54.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. TD Securities boosted their price objective on shares of Capital Power from C$47.00 to C$48.00 and gave the company a “buy” rating in a report on Thursday, August 1st. National Bankshares increased their target price on shares of Capital Power from C$44.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Scotiabank lifted their price target on shares of Capital Power from C$43.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, ATB Capital upped their price objective on shares of Capital Power from C$40.00 to C$42.00 in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$46.44.
Capital Power Price Performance
The business’s 50 day moving average is C$47.50 and its two-hundred day moving average is C$41.99. The firm has a market capitalization of C$6.58 billion, a PE ratio of 10.03, a PEG ratio of 0.91 and a beta of 0.64. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$52.44.
Capital Power (TSE:CPX – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.51 earnings per share for the quarter, missing the consensus estimate of C$0.63 by C($0.12). The business had revenue of C$774.00 million during the quarter. Capital Power had a net margin of 16.77% and a return on equity of 19.49%.
Insider Activity
In related news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. Over the last three months, insiders have sold 6,400 shares of company stock valued at $322,274. 0.17% of the stock is currently owned by corporate insiders.
Capital Power Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.652 dividend. The ex-dividend date is Monday, September 30th. This is an increase from Capital Power’s previous quarterly dividend of $0.62. This represents a $2.61 annualized dividend and a yield of ∞. Capital Power’s dividend payout ratio (DPR) is currently 51.68%.
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.
Further Reading
- Five stocks we like better than Capital Power
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Texas Roadhouse Stock Steering for New Highs This Year
- What is a SEC Filing?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- How is Compound Interest Calculated?
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Capital Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Power and related companies with MarketBeat.com's FREE daily email newsletter.