Capital Power Co. (TSE:CPX – Free Report) – Stock analysts at Atb Cap Markets dropped their Q3 2024 earnings per share estimates for shares of Capital Power in a research report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $1.03 for the quarter, down from their prior forecast of $1.32. Atb Cap Markets currently 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 announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.
Check Out Our Latest Research Report on CPX
Capital Power Price Performance
Shares of TSE CPX opened at C$50.55 on Friday. 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 stock has a 50 day moving average of C$47.50 and a two-hundred day moving average of C$41.99. The stock has a market cap of C$6.57 billion, a P/E ratio of 10.01, a P/E/G ratio of 0.91 and a beta of 0.64.
Capital Power Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a dividend of $0.652 per share. This represents a $2.61 dividend on an annualized basis and a yield of 5.16%. 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 currently 51.68%.
Insider Activity
In other 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 value of C$308,355.00. In the last ninety days, insiders sold 6,400 shares of company stock valued at $322,274. Company 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.
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