FY2024 EPS Estimates for Capital Power Increased by Analyst

Capital Power Co. (TSE:CPX) – Equities research analysts at Atb Cap Markets boosted their FY2024 earnings per share (EPS) estimates for shares of Capital Power in a research report issued on Wednesday, October 30th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $4.54 for the year, up from their prior estimate of $4.16. Atb Cap Markets has a “Hold” rating on the stock. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share. Atb Cap Markets also issued estimates for Capital Power’s Q4 2024 earnings at $1.14 EPS, Q3 2025 earnings at $1.34 EPS and FY2025 earnings at $4.10 EPS.

Several other brokerages have also recently commented on CPX. Desjardins increased their target price on shares of Capital Power from C$56.00 to C$60.00 and gave the stock a “buy” rating in a report on Thursday. National Bankshares increased their price objective on shares of Capital Power from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Thursday. Scotiabank upgraded Capital Power from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$46.00 to C$60.00 in a report on Thursday. BMO Capital Markets upped their target price on Capital Power from C$47.00 to C$56.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, TD Securities increased their price target on Capital Power from C$48.00 to C$57.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$55.11.

Capital Power Price Performance

Shares of CPX opened at C$55.30 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$56.82. The stock has a market capitalization of C$7.19 billion, a P/E ratio of 10.95, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a 50 day moving average of C$48.54 and a 200-day moving average of C$42.53.

Insiders Place Their Bets

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. Insiders have sold a total of 6,400 shares of company stock valued at $322,274 over the last 90 days. 0.17% of the stock is currently owned by insiders.

Capital Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.652 per share. This represents a $2.61 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Tuesday, December 31st. Capital Power’s payout ratio is currently 51.68%.

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.