Q4 EPS Forecast for Power Co. of Canada Boosted by Analyst

Power Co. of Canada (TSE:POW) – Research analysts at National Bank Financial upped their Q4 2024 EPS estimates for Power Co. of Canada in a research report issued on Tuesday, November 12th. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will post earnings per share of $1.62 for the quarter, up from their prior forecast of $1.21. The consensus estimate for Power Co. of Canada’s current full-year earnings is $4.93 per share.

Power Co. of Canada (TSE:POW) last released its earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%. The business had revenue of C$5.29 billion during the quarter.

Other equities analysts have also recently issued reports about the stock. Scotiabank raised their target price on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. Royal Bank of Canada lifted their price objective on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. BMO Capital Markets boosted their price objective on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday, November 12th. TD Securities raised their target price on shares of 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. Finally, Jefferies Financial Group reduced their price target on Power Co. of Canada from C$45.00 to C$44.00 in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Power Co. of Canada currently has a consensus rating of “Moderate Buy” and a consensus price target of C$47.31.

Power Co. of Canada Stock Performance

Shares of TSE POW opened at C$45.62 on Friday. Power Co. of Canada has a 52 week low of C$35.83 and a 52 week high of C$47.18. The stock has a market capitalization of C$27.03 billion, a PE ratio of 10.39, 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 quick ratio of 107.64 and a current ratio of 91.78. The stock has a 50 day moving average price of C$43.68 and a 200 day moving average price of C$40.63.

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.