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

Capital Power (TSE:CPX) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, July 31st. Analysts expect Capital Power to post earnings of C$0.78 per share for the quarter.

Capital Power (TSE:CPX) last released its quarterly earnings data on Wednesday, May 1st. The company reported C$1.57 earnings per share for the quarter, beating the consensus estimate of C$0.64 by C$0.93. The firm had revenue of C$1.12 billion for the quarter. Capital Power had a net margin of 16.78% and a return on equity of 19.80%.

Capital Power Stock Up 0.3 %

Capital Power stock opened at C$41.42 on Tuesday. The firm has a market cap of C$5.35 billion, a PE ratio of 7.92, a P/E/G ratio of 0.91 and a beta of 0.58. The company has a debt-to-equity ratio of 125.95, a quick ratio of 0.55 and a current ratio of 0.75. The firm’s 50 day moving average price is C$39.94 and its two-hundred day moving average price is C$38.13. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$42.37.

Insider Buying and Selling

In other news, Senior Officer Bryan Deneve acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of C$37.14 per share, with a total value of C$185,700.00. 0.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. National Bankshares dropped their price objective on shares of Capital Power from C$45.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. BMO Capital Markets dropped their price target on shares of Capital Power from C$40.00 to C$38.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Desjardins dropped their price target on shares of Capital Power from C$53.00 to C$52.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Raymond James dropped their price target on shares of Capital Power from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. Finally, Scotiabank increased their price target on shares of Capital Power from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 12th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Capital Power currently has an average rating of “Hold” and an average price target of C$45.36.

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.