Atb Cap Markets Analysts Raise Earnings Estimates for Capital Power Co. (TSE:CPX)

Capital Power Co. (TSE:CPX - Free Report) - Research analysts at Atb Cap Markets increased their Q1 2024 EPS estimates for shares of Capital Power in a research report issued to clients and investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $0.79 for the quarter, up from their prior forecast of $0.64. The consensus estimate for Capital Power's current full-year earnings is $3.15 per share.

Several other brokerages have also recently weighed in on CPX. National Bankshares lowered their price target on shares of Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. Royal Bank of Canada reduced 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 report on Thursday, February 29th. CIBC cut 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 note on Friday, April 19th. ATB Capital cut their price target 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 note on Wednesday, January 17th. Finally, Raymond James cut their target price on shares of Capital Power from C$46.00 to C$45.00 and set a "market perform" rating on the stock in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Capital Power currently has an average rating of "Hold" and an average price target of C$45.91.

Capital Power Stock Performance

CPX traded down C$0.24 during trading on Thursday, reaching C$35.39. 454,364 shares of the company's stock were exchanged, compared to its average volume of 413,777. The stock has a market capitalization of C$4.47 billion, a P/E ratio of 5.85, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. The company's fifty day simple moving average is C$37.49 and its 200-day simple moving average is C$37.39. The company has a debt-to-equity ratio of 153.08, a current ratio of 1.29 and a quick ratio of 0.55. Capital Power has a 1 year low of C$35.11 and a 1 year high of C$46.73.

Capital Power (TSE:CPX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping 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 company had revenue of C$984.00 million during the quarter.

Insider Buying and Selling

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total value of C$204,296.98. Corporate insiders own 0.17% of the company's stock.

Capital Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors 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 is Wednesday, March 27th. Capital Power's dividend payout ratio 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.