Q2 2024 EPS Estimates for Capital Power Co. (TSE:CPX) Lifted by Atb Cap Markets

Capital Power Co. (TSE:CPX) – Analysts at Atb Cap Markets boosted their Q2 2024 earnings per share estimates for shares of Capital Power in a research report issued to clients and investors on Wednesday, May 1st. Atb Cap Markets analyst N. Heywood now expects that the company will earn $0.86 per share for the quarter, up from their prior estimate of $0.74. The consensus estimate for Capital Power’s current full-year earnings is $3.21 per share. Atb Cap Markets also issued estimates for Capital Power’s Q3 2024 earnings at $1.23 EPS, Q4 2024 earnings at $1.00 EPS, FY2024 earnings at $4.66 EPS, Q2 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $3.71 EPS and FY2026 earnings at $3.82 EPS.

A number of other research analysts also recently weighed in on CPX. Royal Bank of Canada dropped their price target on Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a research note on Thursday. Desjardins lowered their target price on Capital Power from C$51.00 to C$49.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. CIBC cut their target price on Capital Power from C$40.00 to C$39.00 and set a “neutral” rating on the stock in a report on Thursday. BMO Capital Markets decreased their price target on shares of Capital Power from C$40.00 to C$38.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, ATB Capital dropped their price objective 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 note on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$44.45.

Capital Power Price Performance

Shares of TSE CPX opened at C$36.05 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 153.08. The firm’s 50-day moving average price is C$37.30 and its 200-day moving average price is C$37.27. The firm has a market capitalization of C$4.66 billion, a P/E ratio of 5.97, a P/E/G ratio of 0.91 and a beta of 0.57. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$46.73.

Capital Power (TSE:CPX) last issued its earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping 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 business had revenue of C$984.00 million for the quarter.

Capital Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a $0.615 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.82%. Capital Power’s payout ratio is presently 40.73%.

Insider Activity

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total transaction of C$204,296.98. 0.17% of the stock is currently owned by corporate insiders.

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.