Capital Power (CPX) Set to Announce Quarterly Earnings on Tuesday

Capital Power (TSE:CPX) will announce its earnings results before the market opens on Tuesday, February 19th. Analysts expect the company to announce earnings of C$0.50 per share for the quarter.

Shares of CPX stock opened at C$29.20 on Friday. Capital Power has a twelve month low of C$22.54 and a twelve month high of C$30.25. The firm has a market capitalization of $3.05 billion and a price-to-earnings ratio of 37.29. The company has a debt-to-equity ratio of 72.21, a current ratio of 0.90 and a quick ratio of 0.57.

Several equities research analysts have weighed in on CPX shares. CIBC upped their target price on Capital Power from C$29.00 to C$30.00 in a report on Wednesday, October 24th. Royal Bank of Canada upped their target price on Capital Power from C$28.00 to C$29.00 and gave the stock a “sector perform” rating in a report on Friday, December 7th. National Bank Financial boosted their price target on Capital Power from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 30th. Raymond James reissued a “market perform” rating and issued a C$31.00 price target on shares of Capital Power in a research report on Monday, December 10th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$30.00 price target on shares of Capital Power in a research report on Wednesday, October 31st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Capital Power presently has an average rating of “Buy” and an average price target of C$30.11.

In related news, insider Darcy Trufyn purchased 2,546 shares of Capital Power stock in a transaction dated Monday, December 10th. The stock was purchased at an average cost of C$28.36 per share, with a total value of C$72,204.56. Also, Director Brian Tellef Vaasjo sold 65,000 shares of the business’s stock in a transaction on Wednesday, January 23rd. The stock was sold at an average price of C$28.69, for a total value of C$1,864,850.00. Following the completion of the transaction, the director now directly owns 149,593 shares of the company’s stock, valued at C$4,291,823.17. Over the last three months, insiders sold 101,601 shares of company stock valued at $2,911,990.

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Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 4,500 megawatts of power generation capacity.

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Earnings History for Capital Power (TSE:CPX)

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