Desjardins Has Positive Estimate for TSE:POW FY2024 Earnings

Power Co. of Canada (TSE:POW - Free Report) - Analysts at Desjardins boosted their FY2024 EPS estimates for Power Co. of Canada in a report released on Tuesday, November 12th. Desjardins analyst D. Young now forecasts that the financial services provider will post earnings of $4.72 per share for the year, up from their previous estimate of $4.64. 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 FY2026 earnings at $5.35 EPS.

Several other equities analysts have also weighed in on POW. BMO Capital Markets increased their price target on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday. National Bankshares lifted their price objective on Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 30th. Jefferies Financial Group cut their target price on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. Royal Bank of Canada increased their target price on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a "sector perform" rating in a research report on Monday, August 12th. Finally, 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 report on Thursday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Power Co. of Canada has a consensus rating of "Moderate Buy" and a consensus target price of C$46.39.

Power Co. of Canada Stock Performance

POW stock traded up C$0.70 during midday trading on Thursday, hitting C$45.72. The company's stock had a trading volume of 504,990 shares, compared to its average volume of 2,928,976. The stock has a market cap of C$27.09 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.57 and a beta of 1.09. The company has a quick ratio of 107.64, a current ratio of 91.78 and a debt-to-equity ratio of 48.53. The stock's 50-day moving average price is C$43.51 and its 200 day moving average price is C$40.48. Power Co. of Canada has a 1 year low of C$35.52 and a 1 year high of C$47.18.

Power Co. of Canada (TSE:POW - Get Free Report) last released its earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share (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 net margin of 8.29% and a return on equity of 11.29%.

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.