Equities Analysts Offer Predictions for Capital Power Co.’s FY2024 Earnings (TSE:CPX)

Capital Power Co. (TSE:CPX) – Stock analysts at National Bank Financial lifted their FY2024 EPS estimates for Capital Power in a report released on Wednesday, May 1st. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $3.50 for the year, up from their previous forecast of $2.52. The consensus estimate for Capital Power’s current full-year earnings is $3.21 per share.

Several other equities research analysts have also issued reports on CPX. BMO Capital Markets dropped their target price on shares of Capital Power from C$40.00 to C$38.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. TD Securities dropped their target price on Capital Power from C$49.00 to C$47.00 in a report on Thursday, May 2nd. CIBC decreased their price target on Capital Power from C$40.00 to C$39.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. ATB Capital cut their target price on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 17th. Finally, National Bankshares lowered their price target on shares of Capital Power from C$45.00 to C$43.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$44.45.

Capital Power Trading Down 0.3 %

Shares of CPX opened at C$36.30 on Monday. The business’s 50-day moving average price is C$37.25 and its 200-day moving average price is C$37.27. The stock has a market cap of C$4.69 billion, a PE ratio of 6.01, a P/E/G ratio of 0.91 and a beta of 0.57. The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$46.73.

Capital Power (TSE:CPX) last issued its 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 business had revenue of C$984.00 million for the quarter.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$39.22, for a total transaction of C$204,296.98. In related news, Senior Officer Bryan Deneve bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of C$35.80 per share, for a total transaction of C$179,005.00. Also, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total transaction of C$204,296.98. 0.17% of the stock is owned by company insiders.

Capital Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 6.78%. The ex-dividend date is Friday, June 28th. Capital Power’s dividend payout ratio (DPR) is presently 40.73%.

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.