National Bank Financial Predicts Capital Power Q4 Earnings

Capital Power Co. (TSE:CPX) – Equities researchers at National Bank Financial issued their Q4 2024 earnings per share estimates for shares of Capital Power in a research report issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny expects that the company will post earnings per share of $1.02 for the quarter. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share.

Other analysts also recently issued research reports about the company. Desjardins raised their price target on Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a report on Thursday. TD Securities boosted their price target on shares of Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Atb Cap Markets lowered shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. ATB Capital boosted their price objective on Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 18th. Finally, Scotiabank raised their target price on Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$63.33.

Capital Power Stock Performance

Shares of TSE CPX opened at C$54.13 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. The firm’s 50-day moving average price is C$61.43 and its two-hundred day moving average price is C$52.45. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$68.73. The stock has a market capitalization of C$7.03 billion, a P/E ratio of 10.72, a P/E/G ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.96 by C$0.36. Capital Power had a net margin of 16.77% and a return on equity of 19.49%. During the same period in the prior year, the company posted $2.26 EPS.

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.