Research Analysts Set Expectations for TSE:POW Q4 Earnings

Power Co. of Canada (TSE:POW - Free Report) - Desjardins raised their Q4 2024 earnings per share estimates for shares of Power Co. of Canada in a research note issued to investors on Tuesday, November 12th. Desjardins analyst D. Young now expects that the financial services provider will post earnings of $1.59 per share for the quarter, up from their previous forecast of $1.20. Desjardins currently has a "Buy" rating and a $44.00 price objective 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing analysts' consensus estimates of C$1.14 by C($0.32). Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The company had revenue of C$5.29 billion for the quarter.

A number of other brokerages also recently issued reports on POW. Royal Bank of Canada boosted their price target 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. BMO Capital Markets increased their price target on 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 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. Scotiabank increased their target price on Power Co. of Canada from C$47.00 to C$47.50 in a research report on Wednesday, July 24th. Finally, TD Securities lifted their price objective on Power Co. of Canada from C$44.00 to C$49.00 and gave the company a "buy" rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$46.39.

Power Co. of Canada Price Performance

Shares of POW traded up C$0.03 during trading hours on Friday, reaching C$45.62. The stock had a trading volume of 1,983,492 shares, compared to its average volume of 2,928,456. The company's 50-day moving average is C$43.68 and its two-hundred day moving average is C$40.60. The stock has a market capitalization of C$27.03 billion, a PE ratio of 10.39, a PEG 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 debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78.

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.