Q4 EPS Estimate for Power Co. of Canada Increased by Analyst

Power Co. of Canada (TSE:POW) – Analysts at Desjardins lifted their Q4 2024 earnings estimates for shares of Power Co. of Canada in a research note issued to investors on Tuesday, November 12th. Desjardins analyst D. Young now forecasts that the financial services provider will post earnings per share of $1.59 for the quarter, up from their previous estimate of $1.20. Desjardins has a “Buy” rating and a $44.00 price target on the stock. The consensus estimate for Power Co. of Canada’s current full-year earnings is $4.93 per share. Desjardins also issued estimates for Power Co. of Canada’s FY2025 earnings at $4.95 EPS.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data 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). The business had revenue of C$5.29 billion during the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%.

POW has been the subject of several other reports. CIBC raised their price objective on shares of Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday. Scotiabank increased their target price on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. TD Securities increased their target price on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets increased their target price on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday. Finally, National Bankshares increased their target price 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 note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Power Co. of Canada currently has an average rating of “Moderate Buy” and an average price target of C$47.31.

Power Co. of Canada Stock Up 0.1 %

POW opened at C$45.62 on Friday. The company has a 50 day moving average of C$43.68 and a 200 day moving average of C$40.60. The company has a market cap of C$27.03 billion, a PE ratio of 10.39, 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$35.83 and a 12 month high of C$47.18. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53.

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.