Equities Analysts Offer Predictions for TSE:POW Q3 Earnings

Power Co. of Canada (TSE:POW - Free Report) - Analysts at Desjardins lifted their Q3 2024 EPS estimates for Power Co. of Canada in a research note issued to investors on Friday, November 1st. Desjardins analyst D. Young now anticipates that the financial services provider will post earnings per share of $1.15 for the quarter, up from their previous forecast of $1.13. Desjardins currently 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 Q4 2024 earnings at $1.20 EPS, FY2024 earnings at $4.64 EPS and FY2025 earnings at $5.00 EPS.

Several other equities research analysts have also recently issued reports on POW. TD Securities upgraded shares of Power Co. of Canada from a "hold" rating to a "strong-buy" rating in a report on Monday, August 12th. Jefferies Financial Group dropped 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. CIBC dropped their price target on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research note on Friday, August 9th. Scotiabank lifted their price target on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada lifted 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 note on Monday, August 12th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$43.83.

Power Co. of Canada Stock Performance

POW stock traded up C$0.48 on Monday, hitting C$44.85. The company had a trading volume of 860,375 shares, compared to its average volume of 2,983,720. Power Co. of Canada has a 12-month low of C$33.90 and a 12-month high of C$44.89. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. The stock's 50-day simple moving average is C$42.68 and its 200 day simple moving average is C$40.04. The stock has a market cap of C$26.57 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 0.57 and a beta of 1.09.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.12 by C$0.05. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. The company had revenue of C$9.91 billion for the quarter.

Power Co. of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, September 27th were paid a dividend of $0.563 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date was Friday, September 27th. Power Co. of Canada's dividend payout ratio (DPR) is 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.