Q3 2024 Earnings Forecast for Capital Power Co. Issued By Raymond James (TSE:CPX)

Capital Power Co. (TSE:CPX) – Analysts at Raymond James decreased their Q3 2024 earnings per share (EPS) estimates for shares of Capital Power in a research report issued on Thursday, May 2nd. Raymond James analyst D. Quezada now forecasts that the company will post earnings of $1.02 per share for the quarter, down from their previous estimate of $1.05. Raymond James has a “Market Perform” rating and a $45.00 price objective on the stock. The consensus estimate for Capital Power’s current full-year earnings is $3.21 per share. Raymond James also issued estimates for Capital Power’s Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $0.59 EPS and FY2025 earnings at $3.34 EPS.

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

Several other equities research analysts have also commented on CPX. Royal Bank of Canada lowered their price target on shares of Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a report on Thursday. BMO Capital Markets reduced their price target on Capital Power from C$40.00 to C$38.00 and set a “market perform” rating for the company in a research report on Thursday. Scotiabank decreased their price target on Capital Power from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a report on Thursday. 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. Finally, TD Securities decreased their target price on shares of Capital Power from C$49.00 to C$47.00 in a research note on Thursday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$44.45.

Capital Power Stock Up 0.6 %

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

Capital Power Dividend Announcement

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

Insiders Place Their Bets

In other 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 transaction of C$204,296.98. 0.17% of the stock is currently owned by company insiders.

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.