Q4 EPS Estimate for Power Co. of Canada Increased by Analyst

Power Co. of Canada (TSE:POW) – Desjardins upped their Q4 2024 EPS estimates for shares of Power Co. of Canada in a research note issued to investors 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 currently 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 analysts have also weighed in on POW. BMO Capital Markets raised their target price on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research report on Tuesday. National Bankshares lifted their price target 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 report on Wednesday, October 30th. Royal Bank of Canada lifted their price target on shares of 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. CIBC lifted their price target on shares of Power Co. of Canada from C$45.00 to C$51.00 in a report on Wednesday. Finally, TD Securities lifted their price target on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the stock a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Power Co. of Canada currently has an average rating of “Moderate Buy” and a consensus price target of C$47.31.

Power Co. of Canada Stock Performance

Shares of Power Co. of Canada stock opened at C$45.62 on Friday. Power Co. of Canada has a fifty-two week low of C$35.83 and a fifty-two week high of C$47.18. The company has a debt-to-equity ratio of 48.53, a current ratio of 91.78 and a quick ratio of 107.64. The firm has a market capitalization of C$27.03 billion, a P/E ratio of 10.39, a P/E/G ratio of 0.57 and a beta of 1.09. The company’s 50 day moving average price is C$43.68 and its two-hundred day moving average price is C$40.60.

Power Co. of Canada (TSE:POW) last posted its quarterly 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). The firm had revenue of C$5.29 billion for the quarter. Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%.

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.