Capital Power (CPX) Set to Announce Earnings on Wednesday

Capital Power (TSE:CPX) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Capital Power to post earnings of C$0.86 per share for the quarter.

Capital Power (TSE:CPX) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating the consensus estimate of C$0.72 by C$0.02. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. The company had revenue of C$984.00 million for the quarter.

Capital Power Trading Up 0.3 %

CPX stock opened at C$35.42 on Tuesday. The company has a debt-to-equity ratio of 153.08, a quick ratio of 0.55 and a current ratio of 1.29. The company’s 50-day simple moving average is C$37.42 and its 200 day simple moving average is C$37.32. Capital Power has a 52 week low of C$35.11 and a 52 week high of C$46.73. The company has a market capitalization of C$4.47 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57.

Capital Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a $0.615 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $2.46 annualized dividend and a dividend yield of 6.95%. Capital Power’s dividend payout ratio (DPR) is presently 40.73%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CPX shares. National Bankshares decreased their price target on shares of Capital Power from C$48.00 to C$45.00 in a research note on Wednesday, January 17th. Royal Bank of Canada decreased their price target on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 29th. ATB Capital decreased their price target on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 17th. CIBC reduced their price objective on shares of Capital Power from C$43.00 to C$40.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Finally, Scotiabank reduced their price objective on shares of Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Capital Power presently has a consensus rating of “Hold” and an average price target of C$45.91.

Insider Activity

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$39.22, for a total value of C$204,296.98. 0.17% of the stock is currently owned by corporate insiders.

Capital Power Company Profile

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.