Capital Power (CPX) to Release Quarterly Earnings on Wednesday

Capital Power (TSE:CPX) will announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of C$0.86 per share for the quarter.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, beating the consensus estimate of C$0.72 by C$0.02. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. The firm had revenue of C$984.00 million for the quarter.

Capital Power Price Performance

CPX stock opened at C$35.31 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08. Capital Power has a 12 month low of C$35.11 and a 12 month high of C$46.73. The firm has a market cap of C$4.46 billion, a P/E ratio of 5.85, a P/E/G ratio of 0.91 and a beta of 0.57. The company’s 50-day moving average price is C$37.45 and its two-hundred day moving average price is C$37.34.

Capital Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.615 dividend. This represents a $2.46 annualized dividend and a yield of 6.97%. The ex-dividend date is Wednesday, March 27th. Capital Power’s dividend payout ratio is currently 40.73%.

Wall Street Analyst Weigh In

CPX has been the topic of several research reports. Scotiabank decreased their price target on shares of Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 17th. Royal Bank of Canada decreased their price target on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Thursday, February 29th. Raymond James decreased their price target on shares of Capital Power from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a report on Thursday. National Bankshares cut their target price on shares of Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. Finally, ATB Capital cut their target price on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 17th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Capital Power currently has a consensus rating of “Hold” and an average target price of C$45.91.

Insider Transactions at Capital Power

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$39.22, for a total value of C$204,296.98. Company insiders own 0.17% of the company’s stock.

Capital Power Company Profile

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.