Research Analysts Set Expectations for Capital Power Co.’s Q2 2023 Earnings (TSE:CPX)

Posted by Defense World Staff on May 5th, 2023

Capital Power Co. (TSE:CPX – Get Rating) – Research analysts at Raymond James upped their Q2 2023 EPS estimates for shares of Capital Power in a report issued on Monday, May 1st. Raymond James analyst D. Quezada now forecasts that the company will post earnings of $0.87 per share for the quarter, up from their previous estimate of $0.83. Raymond James has a “Market Perform” rating and a $50.00 price target on the stock. The consensus estimate for Capital Power’s current full-year earnings is $4.32 per share. Raymond James also issued estimates for Capital Power’s Q3 2023 earnings at $1.24 EPS and FY2023 earnings at $5.58 EPS.

Capital Power (TSE:CPX – Get Rating) last released its earnings results on Wednesday, March 1st. The company reported C$0.70 EPS for the quarter, missing analysts’ consensus estimates of C$0.82 by C($0.12). The company had revenue of C$929.00 million for the quarter. Capital Power had a return on equity of 4.81% and a net margin of 5.09%.

Several other equities analysts also recently weighed in on CPX. CSFB raised their target price on Capital Power from C$53.50 to C$54.00 in a research report on Friday, March 31st. BMO Capital Markets decreased their price objective on Capital Power from C$52.00 to C$50.00 in a report on Thursday, March 2nd. National Bankshares upped their target price on shares of Capital Power from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a report on Tuesday. CIBC raised their price target on shares of Capital Power from C$50.00 to C$51.00 in a research note on Tuesday. Finally, TD Securities lowered their price target on shares of Capital Power from C$56.00 to C$54.00 and set a “buy” rating on the stock in a research report on Thursday, March 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$52.00.

Capital Power Price Performance

TSE:CPX opened at C$45.52 on Thursday. The stock has a 50 day moving average of C$42.54 and a two-hundred day moving average of C$44.29. Capital Power has a 12 month low of C$40.06 and a 12 month high of C$51.90. The firm has a market cap of C$5.32 billion, a P/E ratio of 54.19, a price-to-earnings-growth ratio of 0.91 and a beta of 0.60. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 158.41.

Insider Buying and Selling

In other Capital Power news, Senior Officer Burness Kathryn Chisholm sold 9,984 shares of the business’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of C$41.71, for a total value of C$416,431.64. In related news, Senior Officer Burness Kathryn Chisholm sold 9,984 shares of the stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of C$41.71, for a total value of C$416,431.64. Also, Senior Officer Bryan Deneve bought 3,000 shares of Capital Power stock in a transaction on Monday, March 20th. The stock was acquired at an average price of C$41.14 per share, for a total transaction of C$123,420.00. 0.18% of the stock is owned by company insiders.

Capital Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, June 30th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Thursday, June 29th. Capital Power’s dividend payout ratio is currently 276.19%.

Capital Power Company Profile

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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 6,600 megawatts of power generation capacity at 26 facilities.