FY2024 EPS Estimates for Capital Power Decreased by Analyst

Capital Power Co. (TSE:CPX) – Research analysts at Atb Cap Markets lowered their FY2024 earnings per share estimates for shares of Capital Power in a research note issued to investors on Tuesday, December 17th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $6.40 for the year, down from their previous estimate of $6.49. Atb Cap Markets has a “Hold” rating on the stock. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share. Atb Cap Markets also issued estimates for Capital Power’s Q4 2024 earnings at $3.00 EPS.

Other equities analysts have also issued research reports about the company. ATB Capital lifted their price target on Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a research note on Wednesday. BMO Capital Markets raised their price objective on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research report on Wednesday. CIBC raised their target price on Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Royal Bank of Canada decreased 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 research report on Thursday, October 31st. Finally, National Bankshares upped their price target on Capital Power from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Capital Power has an average rating of “Hold” and an average price target of C$61.22.

Capital Power Stock Performance

TSE:CPX opened at C$63.15 on Friday. The company has a market cap of C$8.21 billion, a price-to-earnings ratio of 12.50, a PEG 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 has a fifty-two week low of C$33.90 and a fifty-two week high of C$68.73. The stock has a fifty day moving average price of C$57.79 and a 200-day moving average price of C$48.21.

Capital Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.652 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.13%. Capital Power’s dividend payout ratio (DPR) is presently 51.68%.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the 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. 0.17% of the stock is owned by 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.