Capital Power Co. to Post FY2024 Earnings of $3.30 Per Share, Atb Cap Markets Forecasts (TSE:CPX)

Capital Power Co. (TSE:CPX) – Atb Cap Markets raised their FY2024 earnings estimates for Capital Power in a research note issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $3.30 for the year, up from their prior forecast of $3.06. The consensus estimate for Capital Power’s current full-year earnings is $3.15 per share.

Other equities research analysts also recently issued reports about the stock. National Bankshares reduced their price target on shares of Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. ATB Capital dropped their price objective on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 17th. Royal Bank of Canada dropped their price objective on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Thursday, February 29th. Raymond James dropped their price objective on shares of Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, CIBC dropped their price objective on shares of Capital Power from C$43.00 to C$40.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Capital Power currently has a consensus rating of “Hold” and an average price target of C$45.91.

Capital Power Price Performance

CPX stock opened at C$35.39 on Friday. The firm has a 50 day moving average of C$37.47 and a 200-day moving average of C$37.38. Capital Power has a 12-month low of C$35.11 and a 12-month high of C$46.73. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 153.08. The company has a market cap of C$4.47 billion, a price-to-earnings ratio of 5.86, a PEG ratio of 0.91 and a beta of 0.57.

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

Capital Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.615 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.95%. Capital Power’s dividend payout ratio (DPR) is presently 40.73%.

Insider Buying and Selling at Capital Power

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

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.