Brokers Offer Predictions for Capital Power FY2024 Earnings

Capital Power Co. (TSE:CPX) – Research analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for shares of Capital Power in a note issued to investors on Wednesday, October 30th. National Bank Financial analyst P. Kenny now expects that the company will earn $4.42 per share for the year, up from their previous forecast of $3.80. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share. National Bank Financial also issued estimates for Capital Power’s FY2025 earnings at $3.61 EPS.

CPX has been the subject of several other research reports. Desjardins increased their target price on Capital Power from C$56.00 to C$60.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. TD Securities raised their price objective on Capital Power from C$48.00 to C$57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Atb Cap Markets downgraded Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. CIBC raised their price objective on Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets raised their price objective on Capital Power from C$47.00 to C$56.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$55.11.

Capital Power Price Performance

Shares of TSE:CPX opened at C$55.66 on Monday. The business has a 50 day moving average price of C$48.79 and a 200 day moving average price of C$42.70. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$56.82. The company has a market cap of C$7.23 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 0.91 and a beta of 0.64. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46.

Capital Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 annualized dividend and a dividend yield of 4.69%. Capital Power’s dividend payout ratio (DPR) is presently 51.68%.

Insider Buying and Selling

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. Insiders sold 6,300 shares of company stock worth $317,981 in the last 90 days. 0.17% of the stock is owned by company 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.