National Bank Financial Predicts Capital Power Q3 Earnings

Capital Power Co. (TSE:CPX - Free Report) - Research analysts at National Bank Financial issued their Q3 2024 earnings estimates for Capital Power in a report released on Wednesday, October 23rd. National Bank Financial analyst P. Kenny forecasts that the company will earn $0.89 per share for the quarter. The consensus estimate for Capital Power's current full-year earnings is $2.82 per share.

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

Several other equities research analysts have also commented on the stock. CIBC boosted their price target on shares of Capital Power from C$42.00 to C$45.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. ATB Capital raised their price objective on Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. Scotiabank lifted their target price on shares of Capital Power from C$43.00 to C$46.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. National Bankshares increased their target price on shares of Capital Power from C$44.00 to C$47.00 and gave the company an "outperform" rating in a research report on Friday, August 23rd. Finally, Royal Bank of Canada boosted their price target on shares of Capital Power from C$39.00 to C$44.00 and gave the stock a "sector perform" rating in a research 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$46.44.

Capital Power Price Performance

CPX traded up C$0.32 during trading on Monday, hitting C$50.95. The company's stock had a trading volume of 368,533 shares, compared to its average volume of 464,442. The firm has a market capitalization of C$6.62 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$52.44. The business's fifty day simple moving average is C$47.50 and its 200 day simple moving average is C$41.99. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46.

Insider Buying and Selling

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the company's stock in a transaction on 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 sold 6,400 shares of company stock worth $322,274. Company insiders own 0.17% of the company's stock.

Capital Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.652 dividend. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from Capital Power's previous quarterly dividend of $0.62. This represents a $2.61 dividend on an annualized basis and a yield of 5.12%. Capital Power's dividend payout ratio is currently 51.68%.

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.