Capital Power (CPX) Scheduled to Post Quarterly Earnings on Wednesday

Capital Power (TSE:CPX) is scheduled to announce its earnings results before the market opens on Wednesday, July 31st. Analysts expect the company to announce earnings of C$0.78 per share for the quarter.

Capital Power (TSE:CPX) last issued its quarterly earnings data on Wednesday, May 1st. The company reported C$1.57 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.64 by C$0.93. Capital Power had a return on equity of 19.80% and a net margin of 16.78%. The business had revenue of C$1.12 billion during the quarter.

Capital Power Trading Up 0.3 %

Shares of TSE CPX opened at C$41.42 on Tuesday. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$42.37. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 125.95. The stock has a fifty day simple moving average of C$39.94 and a 200-day simple moving average of C$38.13. The stock has a market capitalization of C$5.35 billion, a PE ratio of 7.92, a PEG ratio of 0.91 and a beta of 0.58.

Insider Transactions at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve acquired 5,000 shares of the stock in a transaction dated Friday, May 10th. The stock was acquired at an average cost of C$37.14 per share, with a total value of C$185,700.00. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CPX shares. Raymond James dropped their price objective on 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, April 25th. CIBC boosted their target price on Capital Power from C$41.00 to C$42.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. ATB Capital boosted their target price on Capital Power from C$40.00 to C$42.00 in a research note on Wednesday, July 24th. Desjardins lowered their target price on Capital Power from C$53.00 to C$52.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Finally, BMO Capital Markets lowered their target price on Capital Power from C$40.00 to C$38.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$45.36.

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.