Capital Power Corp (CPX) Scheduled to Post Quarterly Earnings on Wednesday
Capital Power Corp (TSE:CPX) is set to issue its quarterly earnings data before the market opens on Wednesday, October 25th. Analysts expect the company to announce earnings of C$0.32 per share for the quarter.
Capital Power Corp (TSE:CPX) last posted its quarterly earnings results on Wednesday, July 26th. The company reported C$0.27 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.01). Capital Power Corp had a net margin of 53.23% and a return on equity of 13.72%. The business had revenue of C$201.00 million during the quarter, compared to the consensus estimate of C$244.84 million.
Shares of Capital Power Corp (TSE CPX) opened at 24.94 on Wednesday. The company has a market cap of $2.60 billion and a PE ratio of 10.78. The company has a 50-day moving average price of $25.42 and a 200-day moving average price of $25.13. Capital Power Corp has a 1-year low of $19.90 and a 1-year high of $26.51.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a $0.417 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.67 annualized dividend and a yield of 6.69%. This is a boost from Capital Power Corp’s previous quarterly dividend of $0.34.
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Several research analysts have weighed in on the company. National Bank Financial boosted their price objective on Capital Power Corp from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. TD Securities boosted their price objective on Capital Power Corp from C$26.00 to C$28.00 and gave the stock a “hold” rating in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Capital Power Corp currently has a consensus rating of “Buy” and an average target price of C$27.31.
About Capital Power Corp
Capital Power Corporation is a North American power producing company. The Company develops, acquires, operates and optimizes power generation from a range of energy sources. The Company is engaged in the operation of electrical generation facilities within Canada, including Alberta, British Columbia and Ontario, and in the United States, including North Carolina, New Mexico and Kansas.
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