Brokers Set Expectations for Capital Power Q4 Earnings

Capital Power Co. (TSE:CPX) – Research analysts at National Bank Financial issued their Q4 2024 EPS estimates for shares of Capital Power in a research report issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny expects that the company will post earnings per share of $1.02 for the quarter. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$1.32 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.96 by C$0.36. Capital Power had a net margin of 16.77% and a return on equity of 19.49%. During the same period last year, the business posted $2.26 EPS.

A number of other equities research analysts also recently commented on CPX. ATB Capital raised their target price on Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a report on Wednesday, December 18th. Royal Bank of Canada reduced their target price on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st. Atb Cap Markets downgraded Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Desjardins raised their target price on Capital Power from C$60.00 to C$64.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, CIBC raised their target price on Capital Power from C$54.00 to C$68.00 and gave the company a “neutral” rating in a report on Monday, December 30th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$62.78.

Capital Power Stock Performance

TSE:CPX opened at C$52.55 on Thursday. The firm’s fifty day moving average price is C$61.53 and its 200 day moving average price is C$52.34. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$68.73. 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 firm has a market cap of C$6.83 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

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.