TSE:POW Q4 EPS Estimate Boosted by National Bank Financial

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

Several other equities analysts have also weighed in on the company. BMO Capital Markets raised their target price on Power Co. of Canada from C$42.00 to C$49.00 in a report on Tuesday. Jefferies Financial Group cut their target price on Power Co. of Canada from C$45.00 to C$44.00 in a report on Friday, August 2nd. TD Securities raised their target price on Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a report on Thursday. Desjardins raised their target price on Power Co. of Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Scotiabank raised their target price on Power Co. of Canada from C$47.00 to C$47.50 in a report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$47.31.

Power Co. of Canada Price Performance

POW opened at C$45.62 on Friday. The stock has a market cap of C$27.03 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 1 year low of C$35.83 and a 1 year high of C$47.18. 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 fifty day moving average price of C$43.68 and a 200 day moving average price of C$40.60.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 8.29% and a return on equity of 11.29%.

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.