Capital Power (CPX) Scheduled to Post Quarterly Earnings on Wednesday

Capital Power (TSE:CPX) will issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of C$0.86 per share for the quarter.

Capital Power (TSE:CPX) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating the consensus estimate of C$0.72 by C$0.02. The company had revenue of C$984.00 million during the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%.

Capital Power Price Performance

Shares of TSE CPX opened at C$35.59 on Wednesday. The stock has a market cap of C$4.50 billion, a PE ratio of 5.89, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. Capital Power has a fifty-two week low of C$35.11 and a fifty-two week high of C$46.73. The company has a debt-to-equity ratio of 153.08, a quick ratio of 0.55 and a current ratio of 1.29. The stock has a fifty day moving average of C$37.50 and a 200-day moving average of C$37.42.

Capital Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 6.91%. The ex-dividend date is Wednesday, March 27th. Capital Power’s dividend payout ratio (DPR) is presently 40.73%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CPX. ATB Capital reduced their target price on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 17th. Scotiabank reduced their target price on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 17th. Royal Bank of Canada reduced their target price on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Thursday, February 29th. National Bankshares reduced their target price on Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. Finally, CIBC reduced their target price on Capital Power from C$43.00 to C$40.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$46.00.

Insider Buying and Selling at Capital Power

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the company’s 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. 0.17% of the stock is currently owned by corporate 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.