Research Analysts Issue Forecasts for Capital Power Co.’s Q1 2024 Earnings (TSE:CPX)

Capital Power Co. (TSE:CPX) – Research analysts at National Bank Financial issued their Q1 2024 earnings estimates for Capital Power in a research report issued on Tuesday, April 23rd. National Bank Financial analyst P. Kenny expects that the company will post earnings per share of $0.37 for the quarter. The consensus estimate for Capital Power’s current full-year earnings is $3.15 per share.

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

A number of other research firms have also commented on CPX. ATB Capital reduced 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 report on Wednesday, January 17th. National Bankshares reduced their price objective on shares of Capital Power from C$48.00 to C$45.00 in a research note 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 research note on Thursday, February 29th. CIBC lowered their price objective on shares of 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 price target 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 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$45.91.

Capital Power Stock Performance

Shares of TSE CPX opened at C$35.39 on Friday. Capital Power has a one year low of C$35.11 and a one year high of C$46.73. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 153.08. The business has a fifty day simple moving average of C$37.49 and a 200 day simple moving average of C$37.39. The firm has a market capitalization of C$4.47 billion, a price-to-earnings ratio of 5.86, a PEG ratio of 0.91 and a beta of 0.57.

Capital Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid 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 6.95%. Capital Power’s dividend payout ratio is currently 40.73%.

Insider Buying and Selling

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power stock in a transaction 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 owned by 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.