Brokers Issue Forecasts for Capital Power Q4 Earnings

Capital Power Co. (TSE:CPX) – Equities researchers at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for Capital Power in a research report issued to clients and investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny forecasts 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.

CPX has been the topic of several other reports. Atb Cap Markets cut shares of Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. TD Securities upped their target price on Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Desjardins lifted their price target on Capital Power from C$66.00 to C$69.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets increased their price objective on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a report on Wednesday, December 18th. Finally, Scotiabank boosted their target price on shares of Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$63.33.

Capital Power Stock Performance

Shares of CPX opened at C$54.13 on Thursday. The company has a market capitalization of C$7.03 billion, a PE ratio of 10.72, a PEG ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The company’s 50 day moving average price is C$61.43 and its 200 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.

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

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.