Capital Power (CPX) Set to Announce Earnings on Wednesday

Capital Power (TSE:CPX) is scheduled to post 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 earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping 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 firm had revenue of C$984.00 million for the quarter.

Capital Power Stock Up 0.3 %

Shares of Capital Power 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. Capital Power has a 52-week low of C$35.11 and a 52-week high of C$46.73. The stock has a market capitalization of C$4.47 billion, a price-to-earnings ratio of 5.86, a P/E/G ratio of 0.91 and a beta of 0.57. The company’s 50 day moving average price is C$37.42 and its 200-day moving average price is C$37.32.

Capital Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 6.95%. The ex-dividend date of this dividend is Wednesday, March 27th. Capital Power’s dividend payout ratio is 40.73%.

Insider Buying and Selling at Capital Power

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total transaction of C$204,296.98. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

CPX has been the subject of a number of research analyst reports. Raymond James dropped their price target on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Scotiabank dropped their price target on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 17th. CIBC dropped their price target on Capital Power from C$43.00 to C$40.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. ATB Capital dropped their price target on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada dropped their price target on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Thursday, February 29th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$45.91.

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.