National Bank Financial Predicts Capital Power Q3 Earnings

Capital Power Co. (TSE:CPX) – Equities researchers at National Bank Financial issued their Q3 2024 EPS estimates for shares of Capital Power in a note issued to investors on Wednesday, October 23rd. National Bank Financial analyst P. Kenny expects that the company will post earnings per share of $0.89 for the quarter. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share.

Capital Power (TSE:CPX) last released its quarterly 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). Capital Power had a net margin of 16.77% and a return on equity of 19.49%. The firm had revenue of C$774.00 million for the quarter.

A number of other analysts have also recently commented on the company. BMO Capital Markets boosted their price objective on Capital Power from C$42.00 to C$47.00 in a research report on Thursday, September 5th. Desjardins increased their price objective on shares of Capital Power from C$53.00 to C$54.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Royal Bank of Canada boosted their target price on shares of Capital Power from C$39.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. CIBC lifted their price objective 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. Finally, National Bankshares increased their target price on Capital Power from C$44.00 to C$47.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$46.44.

Capital Power Price Performance

TSE:CPX opened at C$50.63 on Monday. 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 has a 52 week low of C$33.90 and a 52 week high of C$52.44. The stock’s 50-day moving average price is C$47.50 and its 200-day moving average price is C$41.99. The stock has a market capitalization of C$6.58 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a $0.652 dividend. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Capital Power’s previous quarterly dividend of $0.62. This represents a $2.61 dividend on an annualized basis and a dividend yield of 5.15%. Capital Power’s dividend payout ratio (DPR) is 51.68%.

Insider Transactions at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. Insiders have sold a total of 6,400 shares of company stock worth $322,274 in the last quarter. Company 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.