Capital Power Q3 EPS Estimate Lowered by Atb Cap Markets

Capital Power Co. (TSE:CPX) – Analysts at Atb Cap Markets decreased their Q3 2024 earnings per share (EPS) estimates for shares of Capital Power in a research report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $1.03 per share for the quarter, down from their prior estimate of $1.32. Atb Cap Markets has a “Strong-Buy” rating on the stock. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). The firm had revenue of C$774.00 million during the quarter. Capital Power had a net margin of 16.77% and a return on equity of 19.49%.

Other analysts have also issued reports about the company. BMO Capital Markets raised their price target on Capital Power from C$42.00 to C$47.00 in a research note on Thursday, September 5th. TD Securities boosted their target price on Capital Power from C$47.00 to C$48.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Scotiabank boosted their price objective on Capital Power from C$43.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. ATB Capital increased their target price on Capital Power from C$40.00 to C$42.00 in a research note on Wednesday, July 24th. Finally, CIBC boosted their price target on Capital Power from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$46.44.

Capital Power Stock Performance

The firm has a market capitalization of C$6.58 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$52.44. The stock’s 50-day moving average price is C$47.50 and its 200 day moving average price is C$41.99.

Capital Power Increases Dividend

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

Insiders Place Their Bets

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. Insiders sold 6,400 shares of company stock valued at $322,274 over the last quarter. 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.