Capital Power (CPX) to Release Earnings on Wednesday

Capital Power (TSE:CPX - Get Free Report) will be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect Capital Power to post earnings of C$0.86 per share for the quarter.

Capital Power (TSE:CPX - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, topping analysts' consensus estimates of C$0.72 by C$0.02. The business 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%.

Capital Power Price Performance

TSE CPX traded up C$0.04 during trading on Wednesday, reaching C$35.63. The company's stock had a trading volume of 329,067 shares, compared to its average volume of 413,251. 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 stock has a market capitalization of C$4.50 billion, a PE ratio of 5.92, a P/E/G ratio of 0.91 and a beta of 0.57. The firm has a fifty day moving average of C$37.50 and a 200 day moving average of C$37.41. Capital Power has a one year low of C$35.11 and a one year high of C$46.73.

Capital Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.615 per share. 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 dividend payout ratio (DPR) is presently 40.73%.

Analysts Set New Price Targets

CPX has been the subject of several research analyst reports. 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 report on Wednesday, January 17th. National Bankshares lowered their target price on Capital Power from C$48.00 to C$45.00 in a research note on Wednesday, January 17th. CIBC lowered their target price on Capital Power from C$43.00 to C$40.00 and set a "neutral" rating for the company in a research note on Friday, April 19th. 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 research note on Wednesday, January 17th. Finally, Royal Bank of Canada lowered their target price on Capital Power from C$42.00 to C$41.00 and set a "sector perform" rating for the company in a research note on Thursday, February 29th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$46.00.

Insider Buying and Selling

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power 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. 0.17% of the stock is currently owned by corporate insiders.

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.