Equities Analysts Offer Predictions for TSE:POW Q3 Earnings

Power Co. of Canada (TSE:POW - Free Report) - Stock analysts at National Bank Financial boosted their Q3 2024 EPS estimates for Power Co. of Canada in a research report issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will post earnings per share of $1.20 for the quarter, up from their previous forecast of $1.14. 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 Q4 2024 earnings at $1.21 EPS and FY2024 earnings at $4.68 EPS.

Power Co. of Canada (TSE:POW - Get Free Report) last issued its earnings results on Thursday, August 8th. The financial services provider reported C$1.17 EPS for the quarter, topping the consensus estimate of C$1.12 by C$0.05. The business had revenue of C$9.91 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 topic of a number of other research reports. Jefferies Financial Group decreased their price target on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. Royal Bank of Canada increased 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. Desjardins lifted their price objective on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a "buy" rating in a report on Monday, August 12th. National Bankshares increased their target price 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. Finally, Scotiabank boosted their price target on Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Power Co. of Canada presently has an average rating of "Moderate Buy" and an average target price of C$43.83.

Power Co. of Canada Stock Up 0.8 %

Power Co. of Canada stock traded up C$0.34 during mid-day trading on Friday, hitting C$44.35. 355,831 shares of the company's stock were exchanged, compared to its average volume of 2,992,448. Power Co. of Canada has a 1-year low of C$33.90 and a 1-year high of C$44.86. The stock has a 50 day moving average of C$42.57 and a two-hundred day moving average of C$39.96. The stock has a market cap of C$26.27 billion, a P/E ratio of 10.09, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53.

Power Co. of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be paid a $0.563 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Friday, September 27th. Power Co. of Canada's dividend payout ratio (DPR) is presently 51.25%.

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.