Capital Power Corp (TSE:CPX) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Capital Power Corp (TSE:CPX) announced its earnings results on Wednesday, July 26th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.01, Yahoo Finance reports. Capital Power Corp had a net margin of 53.23% and a return on equity of 13.72%. The business had revenue of $201 million for the quarter, compared to the consensus estimate of $244.84 million.
Capital Power Corp (TSE CPX) opened at 25.42 on Monday. Capital Power Corp has a one year low of $19.90 and a one year high of $26.43. The firm has a market capitalization of $2.65 billion and a PE ratio of 10.99. The stock has a 50 day moving average price of $24.52 and a 200-day moving average price of $25.06.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be issued a $0.417 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Capital Power Corp’s previous quarterly dividend of $0.34. This represents a $1.67 dividend on an annualized basis and a dividend yield of 6.56%.
CPX has been the subject of several recent analyst reports. Raymond James Financial, Inc. increased their target price on Capital Power Corp from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research note on Tuesday, May 2nd. BMO Capital Markets increased their target price on Capital Power Corp from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Tuesday, April 25th. Scotiabank restated a “sector perform” rating and set a C$26.00 target price on shares of Capital Power Corp in a research note on Tuesday, May 2nd. TD Securities restated a “hold” rating and set a C$26.00 target price on shares of Capital Power Corp in a research note on Tuesday, May 2nd. Finally, National Bank Financial increased their target price on Capital Power Corp from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Capital Power Corp has a consensus rating of “Buy” and a consensus target price of C$27.31.
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Capital Power Corp Company Profile
Capital Power Corporation acquires, develops, operates, and optimizes power generation facilities in Canada and the United States. It generates electricity from various energy sources, such as natural gas, coal, landfill gas, wind, solid fuels, and solar. As of February 21, 2017, the company owned approximately 3,200 megawatts of power generation capacity at 18 facilities; and 700 megawatts of owned generation capacity under the advanced stages of development.
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