Analysts Set Expectations for TSE:GWO FY2024 Earnings

Great-West Lifeco Inc. (TSE:GWO - Free Report) - Analysts at National Bank Financial upped their FY2024 earnings estimates for Great-West Lifeco in a research report issued on Wednesday, November 6th. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings of $4.39 per share for the year, up from their prior estimate of $4.34. The consensus estimate for Great-West Lifeco's current full-year earnings is $4.45 per share. National Bank Financial also issued estimates for Great-West Lifeco's Q4 2024 earnings at $1.10 EPS and FY2025 earnings at $4.69 EPS.

Great-West Lifeco (TSE:GWO - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$1.11 EPS for the quarter, topping the consensus estimate of C$1.05 by C$0.06. The business had revenue of C$8.61 billion for the quarter, compared to analysts' expectations of C$9.83 billion. Great-West Lifeco had a return on equity of 13.21% and a net margin of 11.32%.

A number of other analysts also recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Great-West Lifeco from C$47.00 to C$51.00 in a research report on Friday. TD Securities upped their target price on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the company a "hold" rating in a research note on Wednesday, August 7th. Scotiabank increased their price target on shares of Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Barclays boosted their price objective on Great-West Lifeco from C$43.00 to C$45.00 in a report on Friday. Finally, CIBC increased their target price on Great-West Lifeco from C$51.00 to C$55.00 in a report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of C$47.63.

Great-West Lifeco Stock Up 0.2 %

TSE GWO traded up C$0.12 during mid-day trading on Friday, reaching C$49.09. 843,108 shares of the company's stock traded hands, compared to its average volume of 2,622,517. The company has a current ratio of 37.46, a quick ratio of 22.18 and a debt-to-equity ratio of 29.61. Great-West Lifeco has a 1-year low of C$38.44 and a 1-year high of C$49.54. The company has a fifty day simple moving average of C$46.00 and a 200-day simple moving average of C$42.83. The company has a market cap of C$45.76 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 2.26 and a beta of 0.84.

Insider Buying and Selling

In related news, Director Charles Donald Harvey Henaire sold 25,400 shares of the company's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of C$44.72, for a total transaction of C$1,135,888.00. In related news, Director Richard Henry Linton sold 35,800 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$46.27, for a total value of C$1,656,344.28. Also, Director Charles Donald Harvey Henaire sold 25,400 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of C$44.72, for a total value of C$1,135,888.00. Company insiders own 70.70% of the company's stock.

Great-West Lifeco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Tuesday, December 3rd. Great-West Lifeco's payout ratio is 55.78%.

Great-West Lifeco Company Profile

Great-West Lifeco Inc engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations.