Q2 2024 EPS Estimates for Capital Power Co. Boosted by Analyst (TSE:CPX)

Capital Power Co. (TSE:CPX) – Research analysts at Atb Cap Markets lifted their Q2 2024 EPS estimates for shares of Capital Power in a note issued to investors on Wednesday, May 1st. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $0.86 per share for the quarter, up from their previous forecast of $0.74. The consensus estimate for Capital Power’s current full-year earnings is $3.21 per share. Atb Cap Markets also issued estimates for Capital Power’s Q3 2024 earnings at $1.23 EPS, Q4 2024 earnings at $1.00 EPS, FY2024 earnings at $4.66 EPS, Q2 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $3.71 EPS and FY2026 earnings at $3.82 EPS.

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

Several other analysts have also recently weighed in on CPX. Raymond James cut their price target on shares of Capital Power from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. Royal Bank of Canada lowered their price objective on shares of Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating for the company in a report on Thursday, May 2nd. BMO Capital Markets decreased their target price on 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. Desjardins dropped their price target on Capital Power from C$51.00 to C$49.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Finally, TD Securities decreased their price objective on Capital Power from C$49.00 to C$47.00 in a report on Thursday, May 2nd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$44.45.

Capital Power Price Performance

Shares of CPX stock opened at C$36.42 on Monday. The company has a debt-to-equity ratio of 153.08, a quick ratio of 0.55 and a current ratio of 1.29. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$46.73. The firm has a market cap of C$4.70 billion, a P/E ratio of 6.03, a P/E/G ratio of 0.91 and a beta of 0.57. The business’s 50 day moving average price is C$37.28 and its 200-day moving average price is C$37.27.

Capital Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a dividend of $0.615 per share. The ex-dividend date is Friday, June 28th. This represents a $2.46 annualized dividend and a dividend yield of 6.75%. Capital Power’s payout ratio is presently 40.73%.

Insider Transactions at Capital Power

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

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.