Calpine Corporation (NYSE:CPN) – Equities researchers at SunTrust Banks increased their Q3 2017 earnings estimates for Calpine Corporation in a research report issued to clients and investors on Monday. SunTrust Banks analyst A. Agha now expects that the utilities provider will post earnings per share of $0.94 for the quarter, up from their previous estimate of $0.73. SunTrust Banks also issued estimates for Calpine Corporation’s Q4 2017 earnings at ($0.01) EPS, Q1 2018 earnings at ($0.19) EPS, Q2 2018 earnings at ($0.22) EPS, Q3 2018 earnings at $1.08 EPS, Q4 2018 earnings at $0.13 EPS, Q1 2019 earnings at ($0.16) EPS and Q2 2019 earnings at ($0.19) EPS.

Calpine Corporation (NYSE:CPN) last posted its quarterly earnings data on Friday, July 28th. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.63. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. Calpine Corporation’s revenue was up 79.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share.

WARNING: “Q3 2017 EPS Estimates for Calpine Corporation Increased by Analyst (NYSE:CPN)” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/08/02/q3-2017-eps-estimates-for-calpine-corporation-increased-by-analyst-nysecpn.html.

Several other research analysts have also recently issued reports on the company. Royal Bank Of Canada set a $13.00 target price on Calpine Corporation and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Zacks Investment Research cut Calpine Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Calpine Corporation in a research report on Monday, July 10th. ValuEngine downgraded Calpine Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) downgraded Calpine Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $14.80.

Calpine Corporation (NYSE:CPN) opened at 14.42 on Wednesday. Calpine Corporation has a one year low of $9.30 and a one year high of $14.76. The stock has a market capitalization of $5.20 billion, a P/E ratio of 108.42 and a beta of 1.02. The company has a 50 day moving average of $13.73 and a 200-day moving average of $12.07.

Several hedge funds have recently modified their holdings of CPN. World Asset Management Inc increased its position in shares of Calpine Corporation by 0.5% in the first quarter. World Asset Management Inc now owns 18,500 shares of the utilities provider’s stock worth $204,000 after buying an additional 87 shares in the last quarter. TD Asset Management Inc. increased its position in Calpine Corporation by 0.5% in the first quarter. TD Asset Management Inc. now owns 55,535 shares of the utilities provider’s stock valued at $614,000 after buying an additional 300 shares during the period. Comerica Bank increased its position in Calpine Corporation by 1.9% in the first quarter. Comerica Bank now owns 22,464 shares of the utilities provider’s stock valued at $216,000 after buying an additional 422 shares during the period. First Midwest Bank Trust Division increased its position in Calpine Corporation by 1.7% in the first quarter. First Midwest Bank Trust Division now owns 59,000 shares of the utilities provider’s stock valued at $652,000 after buying an additional 1,000 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Calpine Corporation by 2.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,766 shares of the utilities provider’s stock valued at $572,000 after buying an additional 1,025 shares during the period. Hedge funds and other institutional investors own 93.17% of the company’s stock.

About Calpine Corporation

Calpine Corporation is a power generation company. The Company is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. The Company’s segments include West (including geothermal), Texas and East (including Canada). In the Northeast and Mid-Atlantic regions, the Company has generating units capable of burning either natural gas or fuel oil.

Earnings History and Estimates for Calpine Corporation (NYSE:CPN)

Receive News & Ratings for Calpine Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calpine Corporation and related companies with MarketBeat.com's FREE daily email newsletter.