Desjardins Issues Optimistic Forecast for TSE:POW Earnings

Power Co. of Canada (TSE:POW) – Research analysts at Desjardins upped their Q4 2024 EPS estimates for shares of Power Co. of Canada in a research report issued on Tuesday, November 12th. Desjardins analyst D. Young now expects that the financial services provider will post earnings per share of $1.59 for the quarter, up from their previous estimate of $1.20. Desjardins 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 FY2025 earnings at $4.95 EPS.

A number of other research analysts have also weighed in on the stock. CIBC raised their price target on shares of Power Co. of Canada from C$45.00 to C$51.00 in a research report on Wednesday. Scotiabank increased their price objective on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. TD Securities boosted their target price on Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a “buy” rating in a research note on Thursday. National Bankshares upped their target price on Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their price target on Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$47.31.

Power Co. of Canada Price Performance

Shares of TSE:POW opened at C$45.62 on Friday. 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 has a market cap 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 stock’s fifty day simple moving average is C$43.68 and its two-hundred day simple moving average is C$40.63. Power Co. of Canada has a 1-year low of C$35.83 and a 1-year high of C$47.18.

Power Co. of Canada (TSE:POW) last announced its earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of C$5.29 billion for 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.