Capital Power FY2024 EPS Forecast Lowered by Atb Cap Markets

Capital Power Co. (TSE:CPX) – Research analysts at Atb Cap Markets decreased their FY2024 EPS estimates for Capital Power in a research note issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $4.16 for the year, down from their previous estimate of $4.44. Atb Cap Markets currently has a “Strong-Buy” rating on the stock. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share.

Other research analysts have also recently issued reports about the stock. National Bankshares increased their price objective on shares of Capital Power from C$44.00 to C$47.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Scotiabank raised their target price on shares of Capital Power from C$43.00 to C$46.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. TD Securities raised their target price on shares of Capital Power from C$47.00 to C$48.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. CIBC raised their target price on shares of Capital Power from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets raised their target price on shares of Capital Power from C$42.00 to C$47.00 in a report on Thursday, September 5th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$46.44.

Capital Power Trading Down 1.2 %

Capital Power stock opened at C$50.99 on Thursday. The firm has a 50 day simple moving average of C$47.36 and a 200-day simple moving average of C$41.89. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. The stock has a market capitalization of C$6.63 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$52.44.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.63 by C($0.12). The company had revenue of C$774.00 million during the quarter. Capital Power had a net margin of 16.77% and a return on equity of 19.49%.

Capital Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.652 dividend. This is an increase from Capital Power’s previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 30th. This represents a $2.61 dividend on an annualized basis and a yield of 5.11%. Capital Power’s dividend payout ratio is presently 51.68%.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. Insiders sold a total of 6,400 shares of company stock worth $322,274 in the last quarter. 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.