Q1 2024 EPS Estimates for Capital Power Co. (TSE:CPX) Boosted by Atb Cap Markets

Capital Power Co. (TSE:CPX) – Research analysts at Atb Cap Markets raised their Q1 2024 earnings per share (EPS) estimates for shares of Capital Power in a report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will earn $0.79 per share for the quarter, up from their previous forecast of $0.64. The consensus estimate for Capital Power’s current full-year earnings is $3.15 per share.

Several other research analysts also recently weighed in on the stock. National Bankshares dropped their target price on shares of Capital Power from C$48.00 to C$45.00 in a report on Wednesday, January 17th. Scotiabank dropped their target price on shares of Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating for the company in a report on Wednesday, January 17th. Royal Bank of Canada dropped their target price on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a report on Thursday, February 29th. Raymond James dropped their target price on shares of Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a report on Thursday. Finally, CIBC dropped their target price on shares of Capital Power from C$43.00 to C$40.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Capital Power has a consensus rating of “Hold” and a consensus price target of C$45.91.

Capital Power Trading Down 0.7 %

TSE:CPX opened at C$35.39 on Thursday. The company has a debt-to-equity ratio of 153.08, a current ratio of 1.29 and a quick ratio of 0.55. The firm has a market capitalization of C$4.47 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. Capital Power has a one year low of C$35.11 and a one year high of C$46.73. The business has a fifty day moving average price of C$37.49 and a 200-day moving average price of C$37.39.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, topping the consensus estimate of C$0.72 by C$0.02. The firm had revenue of C$984.00 million during the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%.

Insider Buying and Selling at Capital Power

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$39.22, for a total value of C$204,296.98. Insiders own 0.17% of the company’s stock.

Capital Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a dividend yield of 6.95%. The ex-dividend date of this dividend is Wednesday, March 27th. Capital Power’s dividend payout ratio (DPR) is presently 40.73%.

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.