Q2 2024 Earnings Estimate for Capital Power Co. (TSE:CPX) Issued By Atb Cap Markets

Capital Power Co. (TSE:CPX) – Stock analysts at Atb Cap Markets upped their Q2 2024 earnings per share (EPS) estimates for shares of Capital Power in a research report issued to clients and investors on Wednesday, May 1st. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $0.86 for the quarter, up from their prior estimate of $0.74. The consensus estimate for Capital Power’s current full-year earnings is $3.21 per share. Atb Cap Markets also issued estimates for Capital Power’s Q3 2024 earnings at $1.23 EPS, Q4 2024 earnings at $1.00 EPS, FY2024 earnings at $4.66 EPS, Q2 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $3.71 EPS and FY2026 earnings at $3.82 EPS.

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. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. The firm had revenue of C$984.00 million for the quarter.

Several other brokerages have also weighed in on CPX. Royal Bank of Canada cut their price objective on shares of Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 2nd. CIBC decreased their price objective on shares of Capital Power from C$40.00 to C$39.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. BMO Capital Markets lowered their price target on Capital Power from C$40.00 to C$38.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. Scotiabank reduced their price target on shares of Capital Power from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a report on Thursday, May 2nd. Finally, ATB Capital cut their price target 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. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$44.45.

Capital Power Price Performance

CPX opened at C$36.30 on Monday. The stock has a market cap of C$4.69 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 0.91 and a beta of 0.57. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 153.08. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$46.73. The stock has a fifty day moving average price of C$37.25 and a 200 day moving average price of C$37.27.

Insider Activity at Capital Power

In related news, Senior Officer Bryan Deneve purchased 5,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of C$35.80 per share, with a total value of C$179,005.00. In related news, Senior Officer Bryan Deneve acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of C$35.80 per share, with a total value of C$179,005.00. Also, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the business’s stock in a transaction that occurred on 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date is Friday, June 28th. Capital Power’s dividend payout ratio is currently 40.73%.

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.