National Bank Financial Comments on Power Co. of Canada’s Q3 2024 Earnings (TSE:POW)

Power Co. of Canada (TSE:POW) – Stock analysts at National Bank Financial lifted their Q3 2024 earnings estimates for Power Co. of Canada in a report issued on Sunday, July 28th. National Bank Financial analyst J. Gloyn now anticipates that the financial services provider will earn $1.16 per share for the quarter, up from their prior forecast of $1.15. The consensus estimate for Power Co. of Canada’s current full-year earnings is $4.58 per share. National Bank Financial also issued estimates for Power Co. of Canada’s Q4 2024 earnings at $1.17 EPS, FY2024 earnings at $4.59 EPS and FY2025 earnings at $4.99 EPS.

Several other research analysts have also commented on POW. National Bankshares lifted their price objective on shares of Power Co. of Canada from C$41.00 to C$42.00 in a research note on Thursday, May 9th. BMO Capital Markets boosted their price objective on Power Co. of Canada from C$41.00 to C$42.00 and gave the company a “market perform” rating in a report on Tuesday, May 7th. Royal Bank of Canada lifted their price objective on shares of Power Co. of Canada from C$45.00 to C$46.00 in a report on Thursday, May 9th. TD Securities lifted their price target on shares of Power Co. of Canada from C$42.00 to C$44.00 in a research note on Friday, May 10th. Finally, Jefferies Financial Group increased 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 research report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Power Co. of Canada has a consensus rating of “Moderate Buy” and an average target price of C$43.06.

Power Co. of Canada Trading Down 1.1 %

POW opened at C$39.51 on Wednesday. The stock has a 50-day moving average of C$39.12 and a 200 day moving average of C$38.64. The company has a current ratio of 90.10, a quick ratio of 107.64 and a debt-to-equity ratio of 48.88. Power Co. of Canada has a 12 month low of C$32.33 and a 12 month high of C$40.59. The firm has a market cap of C$23.51 billion, a P/E ratio of 9.64, a P/E/G ratio of 0.95 and a beta of 1.10.

Power Co. of Canada (TSE:POW) last released its earnings results on Wednesday, May 8th. The financial services provider reported C$1.12 EPS for the quarter, topping the consensus estimate of C$1.09 by C$0.03. Power Co. of Canada had a net margin of 7.84% and a return on equity of 10.37%. The firm had revenue of C$2.73 billion for the quarter.

Power Co. of Canada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Friday, June 28th were given a dividend of $0.563 per share. This represents a $2.25 annualized dividend and a yield of 5.70%. The ex-dividend date was Friday, June 28th. Power Co. of Canada’s dividend payout ratio is currently 54.88%.

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.