Great-West Lifeco Inc. (TSE:GWO) Forecasted to Post Q3 2024 Earnings of $1.07 Per Share

Great-West Lifeco Inc. (TSE:GWO) – Analysts at Desjardins upped their Q3 2024 earnings per share estimates for shares of Great-West Lifeco in a research report issued on Wednesday, August 7th. Desjardins analyst D. Young now forecasts that the company will earn $1.07 per share for the quarter, up from their prior forecast of $1.06. The consensus estimate for Great-West Lifeco’s current full-year earnings is $4.28 per share. Desjardins also issued estimates for Great-West Lifeco’s Q4 2024 earnings at $1.13 EPS, FY2024 earnings at $4.40 EPS and FY2025 earnings at $4.60 EPS.

A number of other brokerages have also commented on GWO. National Bankshares increased their price objective on shares of Great-West Lifeco from C$42.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Thursday, May 2nd. Royal Bank of Canada boosted their price objective on shares of Great-West Lifeco from C$45.00 to C$47.00 in a research report on Thursday. TD Securities increased their price objective on Great-West Lifeco from C$43.00 to C$44.00 and gave the company a “hold” rating in a research report on Wednesday. BMO Capital Markets boosted their target price on Great-West Lifeco from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Jefferies Financial Group cut their price target on Great-West Lifeco from C$46.00 to C$42.00 in a research note on Thursday, July 18th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Great-West Lifeco presently has a consensus rating of “Hold” and a consensus price target of C$43.88.

Great-West Lifeco Price Performance

Great-West Lifeco stock opened at C$41.32 on Friday. The business’s fifty day moving average is C$40.24 and its two-hundred day moving average is C$41.67. The company has a debt-to-equity ratio of 29.96, a quick ratio of 22.18 and a current ratio of 37.37. The firm has a market cap of C$38.55 billion, a P/E ratio of 11.77, a P/E/G ratio of 2.26 and a beta of 0.87. Great-West Lifeco has a 52 week low of C$37.06 and a 52 week high of C$45.18.

Insider Activity at Great-West Lifeco

In related news, Director Olivier Desmarais sold 1,029 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$40.88, for a total value of C$42,065.52. 70.58% of the stock is currently owned by corporate insiders.

Great-West Lifeco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 5.37%. Great-West Lifeco’s dividend payout ratio (DPR) is presently 63.25%.

About Great-West Lifeco

Great-West Lifeco Inc engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations.