Equities Analysts Issue Forecasts for TSE:POW Q3 Earnings

Power Co. of Canada (TSE:POW) – Stock analysts at National Bank Financial upped their Q3 2024 earnings estimates for Power Co. of Canada in a research note issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the financial services provider will post earnings per share of $1.20 for the quarter, up from their prior forecast of $1.14. The consensus estimate for Power Co. of Canada’s current full-year earnings is $4.93 per share. National Bank Financial also issued estimates for Power Co. of Canada’s Q4 2024 earnings at $1.21 EPS and FY2024 earnings at $4.68 EPS.

A number of other brokerages have also issued reports on POW. Desjardins lifted their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada upped their price target on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Scotiabank boosted their price target on Power Co. of Canada from C$47.00 to C$47.50 in a research report on Wednesday, July 24th. TD Securities raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group cut their target price on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Power Co. of Canada has an average rating of “Moderate Buy” and a consensus price target of C$43.83.

Power Co. of Canada Stock Performance

Shares of POW opened at C$44.01 on Friday. The firm has a market cap of C$26.07 billion, a P/E ratio of 9.99, a PEG ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a twelve month low of C$33.09 and a twelve month high of C$44.86. The firm’s 50 day moving average price is C$42.47 and its two-hundred day moving average price is C$39.90. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78.

Power Co. of Canada (TSE:POW) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported C$1.17 EPS for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.05. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The company had revenue of C$9.91 billion for the quarter.

Power Co. of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be issued a $0.563 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.25 dividend on an annualized basis and a yield of 5.12%. Power Co. of Canada’s payout ratio is currently 51.25%.

Power Co. of Canada Company Profile

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.