TSE:POW Q4 EPS Estimate Boosted by National Bank Financial

Power Co. of Canada (TSE:POW) – Equities research analysts at National Bank Financial upped their Q4 2024 earnings per share estimates for Power Co. of Canada in a report released on Tuesday, November 12th. National Bank Financial analyst J. Gloyn now expects that the financial services provider will post earnings of $1.62 per share for the quarter, up from their prior estimate of $1.21. The consensus estimate for Power Co. of Canada’s current full-year earnings is $4.93 per share.

Several other research analysts also recently commented on the company. CIBC boosted their target price on Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday. National Bankshares boosted their price objective on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Desjardins boosted their price objective on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. BMO Capital Markets boosted their price objective on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday. Finally, Royal Bank of Canada boosted their price objective 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. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Power Co. of Canada has an average rating of “Moderate Buy” and a consensus price target of C$47.31.

Power Co. of Canada Stock Up 0.1 %

Shares of POW opened at C$45.62 on Friday. The company has a market capitalization of C$27.03 billion, a P/E ratio of 10.39, a PEG 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. Power Co. of Canada has a one year low of C$35.83 and a one year high of C$47.18. The business’s 50 day simple moving average is C$43.68 and its 200-day simple moving average is C$40.60.

Power Co. of Canada (TSE:POW) last announced its earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing the consensus estimate of C$1.14 by C($0.32). The business had revenue of C$5.29 billion during the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%.

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.