Brokers Set Expectations for Capital Power Q4 Earnings

Capital Power Co. (TSE:CPX) – Equities research analysts at National Bank Financial issued their Q4 2024 EPS estimates for shares of Capital Power in a research report issued to clients and investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny expects that the company will post earnings of $1.02 per share for the quarter. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share.

Capital Power (TSE:CPX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$1.32 EPS for the quarter, beating the consensus estimate of C$0.96 by C$0.36. Capital Power had a return on equity of 19.49% and a net margin of 16.77%. During the same period in the previous year, the business posted $2.26 earnings per share.

Several other research firms have also recently commented on CPX. Desjardins lifted their price target on Capital Power from C$60.00 to C$64.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Scotiabank lifted their price target on Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. CIBC lifted their price target on Capital Power from C$54.00 to C$68.00 and gave the company a “neutral” rating in a report on Monday, December 30th. ATB Capital boosted their target price on Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada decreased their target price on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st. 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, the stock presently has a consensus rating of “Hold” and an average price target of C$62.78.

Capital Power Stock Up 3.5 %

CPX opened at C$52.55 on Thursday. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. The stock has a market capitalization of C$6.83 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The business has a 50-day moving average of C$61.53 and a two-hundred day moving average of C$52.34. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$68.73.

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.