Atb Cap Markets Expects Lower Earnings for Capital Power

Capital Power Co. (TSE:CPX) – 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) 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%.

CPX has been the topic of a number of other research reports. ATB Capital boosted their target price on Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. Scotiabank increased their target price on Capital Power from C$43.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Royal Bank of Canada upped their price target on Capital Power from C$39.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. TD Securities upped their price target on Capital Power from C$47.00 to C$48.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, CIBC boosted their price target on Capital Power from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$46.44.

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.