National Bank Financial Predicts TSE:POW Q4 Earnings

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

Power Co. of Canada (TSE:POW) last issued its quarterly earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). The firm had revenue of C$5.29 billion for the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%.

A number of other equities analysts have also recently commented on POW. Desjardins boosted their price target on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Jefferies Financial Group decreased their target price on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. CIBC increased their target price on shares of Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday. BMO Capital Markets lifted their price target on shares of Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday, November 12th. Finally, Royal Bank of Canada increased their price objective on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$47.31.

Power Co. of Canada Stock Up 0.1 %

Shares of POW opened at C$45.62 on Friday. The firm has a 50 day simple moving average of C$43.68 and a two-hundred day simple moving average of C$40.63. 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 company has a market cap of C$27.03 billion, a P/E ratio of 10.39, a P/E/G ratio of 0.57 and a beta of 1.09.

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.