Raymond James Comments on Capital Power Co.’s Q2 2024 Earnings (TSE:CPX)

Capital Power Co. (TSE:CPX) – Raymond James lifted their Q2 2024 EPS estimates for Capital Power in a research report issued to clients and investors on Thursday, April 25th. Raymond James analyst D. Quezada now anticipates that the company will earn $0.72 per share for the quarter, up from their previous estimate of $0.64. Raymond James has a “Market Perform” rating and a $45.00 price objective on the stock. The consensus estimate for Capital Power’s current full-year earnings is $3.15 per share. Raymond James also issued estimates for Capital Power’s Q1 2025 earnings at $0.83 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $1.18 EPS, Q4 2025 earnings at $0.73 EPS and FY2025 earnings at $3.35 EPS.

Several other equities research analysts have also commented on the stock. Royal Bank of Canada decreased their price objective on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 29th. CIBC lowered their price target on shares of Capital Power from C$43.00 to C$40.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. National Bankshares cut their price objective on Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. ATB Capital reduced their target price on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 17th. Finally, Scotiabank dropped their price target on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$45.91.

Capital Power Stock Down 0.2 %

Capital Power stock opened at C$35.31 on Friday. Capital Power has a fifty-two week low of C$35.11 and a fifty-two week high of C$46.73. The firm has a market capitalization of C$4.46 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. The stock’s fifty day moving average is C$37.45 and its two-hundred day moving average is C$37.36. 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 (TSE:CPX) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating 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%.

Capital Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a $0.615 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.46 annualized dividend and a yield of 6.97%. Capital Power’s payout ratio is currently 40.73%.

Insider Buying and Selling

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