Capital Power (TSE:CPX - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect Capital Power to post earnings of C$1.32 per share for the quarter.
Capital Power (TSE:CPX - Get Free Report) last posted its quarterly 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 company had revenue of C$774.00 million during the quarter. Capital Power had a net margin of 16.77% and a return on equity of 19.49%.
Capital Power Price Performance
Capital Power stock traded down C$0.64 during trading hours on Wednesday, reaching C$50.99. 405,814 shares of the stock were exchanged, compared to its average volume of 465,349. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$52.44. The company has a market cap of C$6.63 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The stock has a 50 day moving average of C$47.36 and a two-hundred day moving average of C$41.89.
Capital Power Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.652 dividend. This represents a $2.61 dividend on an annualized basis and a yield of 5.11%. 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 51.68%.
Insider Buying and Selling
In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the business's stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. In the last three months, insiders have sold 6,400 shares of company stock valued at $322,274. 0.17% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on CPX. National Bankshares lifted their price target on Capital Power from C$44.00 to C$47.00 and gave the company an "outperform" rating in a research note on Friday, August 23rd. Scotiabank lifted their target price on Capital Power from C$43.00 to C$46.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. Desjardins increased their target price on shares of Capital Power from C$53.00 to C$54.00 and gave the stock a "buy" rating in a report on Tuesday, August 20th. TD Securities raised their price target on shares of 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. Finally, BMO Capital Markets upped their price objective on shares of Capital Power from C$42.00 to C$47.00 in a research report on Thursday, September 5th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$46.44.
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About Capital Power
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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.
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