TSE:GWO Q3 EPS Estimate Increased by National Bank Financial

Great-West Lifeco Inc. (TSE:GWO) – Stock analysts at National Bank Financial increased their Q3 2024 earnings per share estimates for shares of Great-West Lifeco in a report released on Thursday, October 24th. National Bank Financial analyst G. Dechaine now anticipates that the company will earn $1.10 per share for the quarter, up from their previous forecast of $1.08. The consensus estimate for Great-West Lifeco’s current full-year earnings is $4.45 per share. National Bank Financial also issued estimates for Great-West Lifeco’s Q4 2024 earnings at $1.09 EPS, FY2024 earnings at $4.34 EPS and FY2025 earnings at $4.63 EPS.

GWO has been the subject of a number of other reports. TD Securities upped their price objective on shares of Great-West Lifeco from C$43.00 to C$44.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada increased their price objective on Great-West Lifeco from C$45.00 to C$47.00 in a report on Thursday, August 8th. Jefferies Financial Group boosted their target price on Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Finally, Barclays set a C$43.00 price target on Great-West Lifeco and gave the company an “underweight” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$45.00.

Great-West Lifeco Stock Performance

GWO stock opened at C$47.01 on Monday. The company has a market capitalization of C$43.82 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 2.26 and a beta of 0.84. The firm has a 50 day moving average of C$45.36 and a two-hundred day moving average of C$42.47. The company has a quick ratio of 22.18, a current ratio of 37.46 and a debt-to-equity ratio of 29.61. Great-West Lifeco has a 12 month low of C$37.07 and a 12 month high of C$47.76.

Great-West Lifeco (TSE:GWO) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$1.11 EPS for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.06. The firm had revenue of C$8.61 billion for the quarter, compared to the consensus estimate of C$9.83 billion. Great-West Lifeco had a return on equity of 13.21% and a net margin of 11.32%.

Insider Activity

In related news, Director Richard Henry Linton sold 35,800 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$46.27, for a total transaction of C$1,656,344.28. In related news, Director Richard Henry Linton sold 35,800 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$46.27, for a total value of C$1,656,344.28. Also, Director Charles Donald Harvey Henaire sold 25,400 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of C$44.72, for a total value of C$1,135,888.00. 70.70% of the stock is owned by company insiders.

Great-West Lifeco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.555 per share. The ex-dividend date was Friday, August 30th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.72%. Great-West Lifeco’s dividend payout ratio (DPR) is presently 55.78%.

About Great-West Lifeco

Great-West Lifeco Inc engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations.