Capital Power (CPX) Set to Announce Earnings on Wednesday

Capital Power (TSE:CPX) is set to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect Capital Power to post earnings of C$1.32 per share for the quarter.

Capital Power (TSE:CPX) last issued its earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). The business 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 Stock Performance

CPX stock opened at C$50.63 on Monday. The firm has a 50 day simple moving average of C$47.50 and a 200 day simple moving average of C$41.99. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$52.44. The stock has a market cap of C$6.58 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88.

Capital Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a dividend of $0.652 per share. This is a boost from Capital Power’s previous quarterly dividend of $0.62. This represents a $2.61 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend is Monday, September 30th. Capital Power’s payout ratio is currently 51.68%.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. In the last three months, insiders have sold 6,400 shares of company stock worth $322,274. 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. ATB Capital lifted their price objective on Capital Power from C$40.00 to C$42.00 in a research report on Wednesday, July 24th. Desjardins boosted their price target on Capital Power from C$53.00 to C$54.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. BMO Capital Markets increased their price objective on Capital Power from C$42.00 to C$47.00 in a report on Thursday, September 5th. National Bankshares boosted their target price on shares of Capital Power from C$44.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, Atb Cap Markets upgraded shares of Capital Power from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 26th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$46.44.

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.