National Bank Financial Estimates TSE:POW FY2024 Earnings

Power Co. of Canada (TSE:POW) – Stock analysts at National Bank Financial boosted their FY2024 earnings estimates for Power Co. of Canada in a research report issued to clients and investors on Tuesday, November 12th. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will post earnings of $4.73 per share for the year, up from their previous estimate 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 issued 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). Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. The business had revenue of C$5.29 billion for the quarter.

Several other brokerages have also commented on POW. TD Securities lifted their price objective on Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a “buy” rating in a report on Thursday. Desjardins raised 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 report on Monday, August 12th. National Bankshares increased their price target 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. 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 company a “sector perform” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets raised their price objective on Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$47.31.

Power Co. of Canada Trading Up 0.1 %

Shares of POW stock opened at C$45.62 on Thursday. The stock has a market capitalization 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. 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 firm’s 50 day moving average is C$43.68 and its 200 day moving average is C$40.60. Power Co. of Canada has a 12-month low of C$35.83 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.