Q3 EPS Estimates for Capital Power Cut by Atb Cap Markets

Capital Power Co. (TSE:CPX - Free Report) - Research analysts at Atb Cap Markets reduced their Q3 2024 earnings per share (EPS) estimates for Capital Power in a report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $1.03 for the quarter, down from their previous estimate of $1.32. 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.

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

Several other brokerages also recently weighed in on CPX. 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. ATB Capital lifted their price objective on Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. National Bankshares lifted their price objective on Capital Power from C$44.00 to C$47.00 and gave the stock an "outperform" rating in a report on Friday, August 23rd. Royal Bank of Canada lifted their price objective on Capital Power from C$39.00 to C$44.00 and gave the stock a "sector perform" rating in a report on Thursday, August 1st. Finally, CIBC lifted their price objective on Capital Power from C$42.00 to C$45.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. Five 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$46.44.

Capital Power Price Performance

Capital Power has a twelve month low of C$33.90 and a twelve month high of C$52.44. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. The firm's fifty day moving average is C$47.50 and its two-hundred day moving average is C$41.99. The company has a market capitalization of C$6.58 billion, a P/E ratio of 10.03, a PEG ratio of 0.91 and a beta of 0.64.

Capital Power Increases Dividend

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

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 dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. Over the last three months, insiders have sold 6,400 shares of company stock valued at $322,274. 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.