Raymond James Weighs in on Capital Power Corp’s Q2 2019 Earnings (TSE:CPX)

Capital Power Corp (TSE:CPX) – Equities researchers at Raymond James cut their Q2 2019 EPS estimates for Capital Power in a research report issued on Friday, July 26th. Raymond James analyst D. Quezada now anticipates that the company will post earnings per share of $0.27 for the quarter, down from their previous forecast of $0.33. Raymond James has a “Outperform” rating and a $36.00 price objective on the stock. Raymond James also issued estimates for Capital Power’s FY2019 earnings at $1.23 EPS.

A number of other equities research analysts have also issued reports on the company. CIBC raised Crescent Point Energy from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, May 9th. BMO Capital Markets raised from a “market perform” rating to an “outperform” rating in a research report on Tuesday. CSFB boosted their price target on Pembina Pipeline from C$54.00 to C$58.00 in a research report on Thursday, April 25th. Finally, National Bank Financial boosted their price target on Capital Power from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of C$33.00.

Shares of Capital Power stock opened at C$30.04 on Monday. The company has a 50 day moving average price of C$30.50. Capital Power has a 52-week low of C$25.33 and a 52-week high of C$32.44. The firm has a market cap of $3.23 billion and a price-to-earnings ratio of 12.29. The company has a debt-to-equity ratio of 81.76, a quick ratio of 0.57 and a current ratio of 0.95.

Capital Power (TSE:CPX) last announced its earnings results on Monday, April 29th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.58 by C($0.29). The company had revenue of C$365.00 million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from Capital Power’s previous quarterly dividend of $0.42. This represents a $1.92 dividend on an annualized basis and a dividend yield of 6.39%. Capital Power’s payout ratio is presently 72.01%.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 5,100 megawatts of power generation capacity.

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