Q1 2024 Earnings Estimate for Capital Power Co. Issued By Raymond James (TSE:CPX)

Capital Power Co. (TSE:CPX) – Research analysts at Raymond James cut their Q1 2024 earnings per share (EPS) estimates for shares of Capital Power in a research note issued on Thursday, April 25th. Raymond James analyst D. Quezada now forecasts that the company will earn $0.77 per share for the quarter, down from their prior forecast of $1.08. Raymond James currently has a “Market Perform” rating and a $45.00 target price on the stock. The consensus estimate for Capital Power’s current full-year earnings is $3.15 per share. Raymond James also issued estimates for Capital Power’s Q3 2024 earnings at $1.05 EPS, Q4 2024 earnings at $1.08 EPS and FY2024 earnings at $3.62 EPS.

Capital Power (TSE:CPX) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.02. The business had revenue of C$984.00 million for the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%.

A number of other brokerages have also weighed in on CPX. CIBC decreased their target price on Capital Power from C$43.00 to C$40.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. National Bankshares reduced their price objective on Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. Royal Bank of Canada reduced their price objective on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 29th. ATB Capital reduced their price objective on 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. Finally, Scotiabank reduced their price objective on Capital Power from C$47.00 to C$45.00 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 presently has an average rating of “Hold” and an average target price of C$45.91.

Capital Power Price Performance

Shares of TSE CPX opened at C$35.31 on Monday. The firm has a market capitalization 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 has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08. The stock’s 50-day simple moving average is C$37.45 and its two-hundred day simple moving average is C$37.34. Capital Power has a twelve month low of C$35.11 and a twelve month high of C$46.73.

Capital Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.97%. The ex-dividend date of this dividend is Wednesday, March 27th. Capital Power’s dividend payout ratio (DPR) is 40.73%.

Insider Transactions at Capital Power

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the stock in a transaction that occurred 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. Corporate insiders own 0.17% of the company’s stock.

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.