FY2024 Earnings Estimate for Capital Power Co. Issued By National Bank Financial (TSE:CPX)

Capital Power Co. (TSE:CPX) – National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Capital Power in a report issued on Wednesday, May 1st. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $3.50 per share for the year, up from their prior estimate of $2.52. The consensus estimate for Capital Power’s current full-year earnings is $3.21 per share.

Capital Power (TSE:CPX) last announced its earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, beating the consensus estimate of C$0.72 by C$0.02. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. The business had revenue of C$984.00 million for the quarter.

A number of other brokerages have also recently commented on CPX. Raymond James cut their price target 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 report on Thursday, April 25th. ATB Capital decreased 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 Wednesday, January 17th. Royal Bank of Canada dropped their price target on Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 2nd. National Bankshares reduced their price objective on shares of Capital Power from C$45.00 to C$43.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Finally, Scotiabank dropped their target price on shares of Capital Power from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 2nd. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$44.45.

Capital Power Trading Down 0.3 %

TSE:CPX opened at C$36.30 on Monday. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$46.73. The firm’s fifty day moving average is C$37.25 and its 200-day moving average is C$37.27. The firm has a market cap of C$4.69 billion, a P/E ratio of 6.01, a P/E/G ratio of 0.91 and a beta of 0.57. The company has a debt-to-equity ratio of 153.08, a quick ratio of 0.55 and a current ratio of 1.29.

Capital Power Announces Dividend

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

Insiders Place Their Bets

In other news, Senior Officer Bryan Deneve acquired 5,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of C$35.80 per share, for a total transaction of C$179,005.00. In related news, Senior Officer Bryan Deneve purchased 5,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average price 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 Capital Power 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. Corporate insiders own 0.17% of the company’s stock.

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.