Power Co. of Canada (POW) Set to Announce Earnings on Tuesday

Power Co. of Canada (TSE:POW) is set to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Power Co. of Canada to post earnings of C$1.12 per share for the quarter.

Power Co. of Canada (TSE:POW) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported C$1.17 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.12 by C$0.05. The firm had revenue of C$9.91 billion for 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 Price Performance

Shares of POW opened at C$46.57 on Friday. The firm has a market capitalization of C$27.59 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. Power Co. of Canada has a 1-year low of C$33.91 and a 1-year high of C$46.80. The company’s fifty day moving average price is C$43.17 and its 200-day moving average price is C$40.31.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group lowered their target price on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. CIBC lowered their target price on shares of Power Co. of Canada from C$43.00 to C$40.00 in a research note on Friday, August 9th. TD Securities raised shares of Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. National Bankshares increased their target price 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 note on Wednesday, October 30th. Finally, Scotiabank raised 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. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$43.83.

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.