FY2024 EPS Estimates for TSE:POW Increased by Analyst

Power Co. of Canada (TSE:POW) – Investment analysts at National Bank Financial boosted their FY2024 earnings estimates for shares of Power Co. of Canada in a research report issued to clients and investors on Tuesday, November 12th. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will post earnings of $4.73 per share for the year, up from their previous forecast of $4.68. 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 FY2025 earnings at $5.27 EPS.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.14 by C($0.32). 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$5.29 billion for the quarter.

A number of other brokerages have also commented on POW. Scotiabank increased their price objective on Power Co. of Canada from C$47.00 to C$47.50 in a research report on Wednesday, July 24th. CIBC boosted their price objective on Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday. Jefferies Financial Group reduced their target price on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. BMO Capital Markets increased their price objective on shares of Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday. Finally, National Bankshares raised their target price on Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$46.39.

Power Co. of Canada Trading Up 1.3 %

POW stock opened at C$45.59 on Thursday. Power Co. of Canada has a fifty-two week low of C$35.52 and a fifty-two week high of C$47.18. The stock has a market capitalization of C$27.01 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. The business has a fifty day moving average price of C$43.59 and a 200 day moving average price of C$40.54.

About Power Co. of Canada

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.