FY2024 EPS Estimates for TSE:POW Increased by Analyst

Power Co. of Canada (TSE:POW) – Analysts at National Bank Financial upped their FY2024 earnings per share estimates for shares of Power Co. of Canada in a research report issued on Tuesday, November 12th. National Bank Financial analyst J. Gloyn now expects that the financial services provider will earn $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 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). Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The firm had revenue of C$5.29 billion for the quarter.

POW has been the subject of a number of other reports. Jefferies Financial Group decreased their price target on Power Co. of Canada from C$45.00 to C$44.00 in a report on Friday, August 2nd. CIBC boosted their target price on Power Co. of Canada from C$45.00 to C$51.00 in a research note on Wednesday. Desjardins increased their price target on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Scotiabank boosted their price target on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research report on Wednesday, July 24th. Finally, TD Securities upgraded shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$45.83.

Power Co. of Canada Price Performance

Power Co. of Canada stock opened at C$45.02 on Thursday. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. The company has a fifty day simple moving average of C$43.51 and a 200-day simple moving average of C$40.48. The stock has a market cap of C$26.67 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 12-month low of C$34.53 and a 12-month high of C$47.18.

Power Co. of Canada Company Profile

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.