TSE:POW FY2024 EPS Lifted by National Bank Financial

Power Co. of Canada (TSE:POW - Free Report) - Equities researchers at National Bank Financial raised their FY2024 earnings estimates for Power Co. of Canada in a research note issued on Tuesday, November 12th. National Bank Financial analyst J. Gloyn now expects that the financial services provider will post earnings per share of $4.73 for the year, up from their prior 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.

A number of other equities analysts have also recently commented on POW. National Bankshares lifted their price target 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 reduced their price target on Power Co. of Canada from C$45.00 to C$44.00 in a research report on Friday, August 2nd. TD Securities boosted their target price on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the company a "buy" rating in a research report on Thursday. CIBC boosted their price target on Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday. Finally, Royal Bank of Canada boosted their price target on Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a "sector perform" rating in a report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Power Co. of Canada currently has an average rating of "Moderate Buy" and an average target price of C$46.39.

Power Co. of Canada Stock Up 1.6 %

Shares of TSE:POW traded up C$0.70 during midday trading on Thursday, hitting C$45.72. The stock had a trading volume of 504,990 shares, compared to its average volume of 2,928,976. The company has a market cap of C$27.09 billion, a P/E 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 business's 50-day simple moving average is C$43.51 and its 200-day simple moving average is C$40.48. Power Co. of Canada has a 12 month low of C$35.52 and a 12 month high of C$47.18.

Power Co. of Canada (TSE:POW - Get Free Report) last issued its quarterly 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%.

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.