National Bank Financial Estimates TSE:POW FY2024 Earnings

Power Co. of Canada (TSE:POW) – Equities research analysts at National Bank Financial increased their FY2024 EPS estimates for shares of Power Co. of Canada in a research report issued to clients and investors on Tuesday, November 12th. National Bank Financial analyst J. Gloyn now expects that the financial services provider will post earnings of $4.73 per share for the year, up from their previous estimate of $4.68. 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 FY2025 earnings at $5.27 EPS.

Several other research analysts have also weighed in on the stock. Desjardins increased their price objective on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report on Monday, August 12th. TD Securities boosted their price objective 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. BMO Capital Markets raised their price objective on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday. National Bankshares lifted their price objective on Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, CIBC raised their price target on shares of Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Power Co. of Canada has an average rating of “Moderate Buy” and an average price target of C$46.39.

Power Co. of Canada Stock Performance

Power Co. of Canada stock opened at C$45.59 on Thursday. The stock has a fifty day moving average price of C$43.59 and a 200 day moving average price of C$40.54. 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 has a 52 week low of C$35.52 and a 52 week high of C$47.18. The firm has a market capitalization of C$27.01 billion, a P/E ratio of 10.38, a PEG ratio of 0.57 and a beta of 1.09.

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

About Power Co. of Canada

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.