Capital Power (CPX) Set to Announce Earnings on Wednesday

Capital Power (TSE:CPX) will be posting its quarterly earnings results 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 EPS for the quarter, missing the consensus estimate of C$0.63 by C($0.12). The business had revenue of C$774.00 million for the quarter. Capital Power had a return on equity of 19.49% and a net margin of 16.77%.

Capital Power Price Performance

Shares of TSE:CPX opened at C$51.63 on Wednesday. The firm has a 50 day simple moving average of C$47.20 and a 200 day simple moving average of C$41.80. The company has a market cap of C$6.71 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.91 and a beta of 0.64. Capital Power has a one year low of C$33.90 and a one year high of C$52.44. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55.

Capital Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a $0.652 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.61 annualized dividend and a dividend yield of 5.05%. This is an increase from Capital Power’s previous quarterly dividend of $0.62. Capital Power’s dividend payout ratio is currently 51.68%.

Analyst Ratings Changes

A number of analysts have weighed in on CPX shares. ATB Capital increased their target price on shares of Capital Power from C$40.00 to C$42.00 in a research report on Wednesday, July 24th. Royal Bank of Canada upped their target price on Capital Power from C$39.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. CIBC increased their price target on Capital Power from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. TD Securities boosted their target price on shares of Capital Power from C$47.00 to C$48.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, National Bankshares raised their price target on shares of Capital Power from C$44.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$46.44.

Insider Buying and Selling

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the business’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 value of C$308,355.00. Over the last three months, insiders have sold 6,400 shares of company stock worth $322,274. Insiders own 0.17% of the company’s stock.

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.