Q3 2024 Earnings Estimate for Capital Power Co. Issued By Atb Cap Markets (TSE:CPX)

Capital Power Co. (TSE:CPX) – Analysts at Atb Cap Markets upped their Q3 2024 EPS estimates for Capital Power in a report issued on Wednesday, July 31st. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $1.34 for the quarter, up from their prior estimate of $1.22. The consensus estimate for Capital Power’s current full-year earnings is $3.16 per share. Atb Cap Markets also issued estimates for Capital Power’s Q4 2024 earnings at $1.07 EPS, Q1 2025 earnings at $0.92 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $1.27 EPS and Q4 2025 earnings at $0.95 EPS.

A number of other brokerages have also recently weighed in on CPX. TD Securities upped their price objective on Capital Power from C$47.00 to C$48.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. CIBC increased their price objective on Capital Power from C$42.00 to C$45.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Desjardins dropped their target price on Capital Power from C$53.00 to C$52.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. National Bankshares increased their price target on Capital Power from C$43.00 to C$44.00 in a research note on Thursday, August 1st. Finally, ATB Capital boosted their price target on Capital Power from C$40.00 to C$42.00 in a research note on Wednesday, July 24th. Five research 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.com, the stock presently has an average rating of “Hold” and an average target price of C$46.50.

Capital Power Stock Up 1.3 %

Capital Power stock opened at C$43.41 on Monday. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$43.59. The business has a fifty day moving average of C$40.55 and a two-hundred day moving average of C$38.41. The firm has a market cap of C$5.61 billion, a P/E ratio of 8.30, a P/E/G ratio of 0.91 and a beta of 0.58. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 125.95.

Insider Transactions at Capital Power

In related news, Senior Officer Bryan Deneve purchased 5,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was bought at an average cost of C$37.14 per share, with a total value of C$185,700.00. Company insiders own 0.17% of the company’s stock.

Capital Power Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.652 dividend. This represents a $2.61 annualized dividend and a yield of 6.01%. The ex-dividend date is Friday, September 27th. This is an increase from Capital Power’s previous quarterly dividend of $0.62. Capital Power’s dividend payout ratio is 47.04%.

About Capital Power

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.