Q1 2024 Earnings Forecast for Capital Power Co. (TSE:CPX) Issued By Atb Cap Markets

Capital Power Co. (TSE:CPX) – Investment analysts at Atb Cap Markets raised their Q1 2024 earnings per share estimates for shares of Capital Power in a research note 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 prior estimate of $0.64. The consensus estimate for Capital Power’s current full-year earnings is $3.15 per share.

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

Capital Power Price Performance

Shares of CPX stock opened at C$35.63 on Thursday. 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$35.11 and a twelve month high of C$46.73. The company has a market cap of C$4.50 billion, a P/E ratio of 5.90, a P/E/G ratio of 0.91 and a beta of 0.57. The business has a fifty day simple moving average of C$37.50 and a 200 day simple moving average of C$37.41.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 Activity at Capital Power

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the company’s stock in a transaction dated 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 corporate insiders.

Capital Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders 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 dividend yield of 6.90%. Capital Power’s payout ratio is 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.