Atb Cap Markets Brokers Lower Earnings Estimates for Capital Power Co. (TSE:CPX)

Capital Power Co. (TSE:CPX) – Analysts at Atb Cap Markets cut their FY2024 earnings per share estimates for shares of Capital Power in a note issued to investors on Monday, August 26th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $4.44 for the year, down from their prior estimate of $4.53. Atb Cap Markets currently has a “Strong-Buy” rating on the stock.

A number of other research firms have also recently weighed in on CPX. Royal Bank of Canada upped their price target on Capital Power from C$39.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Desjardins increased their target price on Capital Power from C$53.00 to C$54.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. ATB Capital boosted their price target on shares of Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. BMO Capital Markets upped their price objective on shares of Capital Power from C$38.00 to C$42.00 in a research report on Thursday, August 1st. Finally, CIBC lifted their target price on shares of Capital Power from C$42.00 to C$45.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Capital Power presently has a consensus rating of “Moderate Buy” and an average price target of C$45.89.

Capital Power Trading Up 0.3 %

Shares of Capital Power stock opened at C$44.95 on Thursday. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$45.15. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The company has a market cap of C$5.84 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63. The firm has a 50-day simple moving average of C$41.77 and a two-hundred day simple moving average of C$39.21.

Capital Power (TSE:CPX) last announced its quarterly earnings results 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). Capital Power had a net margin of 16.77% and a return on equity of 19.49%. The company had revenue of C$774.00 million for the quarter.

Capital Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a dividend of $0.652 per share. This is a positive change from Capital Power’s previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 30th. This represents a $2.61 dividend on an annualized basis and a dividend yield of 5.80%. Capital Power’s dividend payout ratio is presently 51.68%.

Insider Activity

In other news, Senior Officer Bryan Deneve sold 2,441 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$40.38, for a total transaction of C$98,577.10. Company insiders own 0.17% of the company’s stock.

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.