FY2024 EPS Estimates for Capital Power Lowered by Analyst

Capital Power Co. (TSE:CPX - Free Report) - Research analysts at Atb Cap Markets lowered their FY2024 earnings per share estimates for shares of Capital Power in a research report issued to clients and investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings per share of $4.16 for the year, down from their prior estimate of $4.44. Atb Cap Markets has a "Strong-Buy" rating on the stock. The consensus estimate for Capital Power's current full-year earnings is $2.82 per share.

CPX has been the subject of several other reports. ATB Capital raised their price target on Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. BMO Capital Markets raised their price target on Capital Power from C$42.00 to C$47.00 in a report on Thursday, September 5th. National Bankshares raised their price target on Capital Power from C$44.00 to C$47.00 and gave the company an "outperform" rating in a report on Friday, August 23rd. Scotiabank raised their price target on Capital Power from C$43.00 to C$46.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. Finally, TD Securities raised their price objective on Capital Power from C$47.00 to C$48.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$46.44.

Capital Power Price Performance

Shares of CPX traded down C$0.44 during mid-day trading on Thursday, hitting C$50.55. The company's stock had a trading volume of 521,444 shares, compared to its average volume of 465,621. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. The firm has a 50-day simple moving average of C$47.36 and a 200 day simple moving average of C$41.89. The firm has a market capitalization of C$6.57 billion, a P/E ratio of 9.98, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$52.44.

Capital Power (TSE:CPX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.51 earnings per share for the quarter, missing analysts' consensus estimates of C$0.63 by C($0.12). The company had revenue of C$774.00 million for the quarter. Capital Power had a return on equity of 19.49% and a net margin of 16.77%.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the firm's stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. Over the last 90 days, insiders sold 6,400 shares of company stock valued at $322,274. Corporate insiders own 0.17% of the company's stock.

Capital Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a dividend of $0.652 per share. This is an increase from Capital Power's previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.61 annualized dividend and a yield of 5.16%. Capital Power's dividend payout ratio (DPR) is presently 51.68%.

Capital Power Company Profile

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.