FY2024 EPS Estimates for Power Co. of Canada (TSE:POW) Increased by Analyst

Power Co. of Canada (TSE:POW - Free Report) - Stock analysts at National Bank Financial lifted their FY2024 earnings estimates for Power Co. of Canada in a report issued on Monday, April 29th. National Bank Financial analyst J. Gloyn now anticipates that the financial services provider will earn $4.62 per share for the year, up from their prior forecast of $4.54. The consensus estimate for Power Co. of Canada's current full-year earnings is $4.53 per share.

Power Co. of Canada (TSE:POW - Get Free Report) last issued its earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share for the quarter, missing the consensus estimate of C$1.00 by C($0.11). Power Co. of Canada had a return on equity of 8.94% and a net margin of 6.89%. The firm had revenue of C$21.37 billion during the quarter.

A number of other equities research analysts have also issued reports on POW. CIBC cut their price objective on shares of Power Co. of Canada from C$43.00 to C$40.00 and set a "neutral" rating for the company in a report on Friday, April 26th. TD Securities downgraded shares of Power Co. of Canada from a "buy" rating to a "hold" rating and lifted their price target for the company from C$40.00 to C$42.00 in a report on Friday, March 22nd. Royal Bank of Canada raised shares of Power Co. of Canada from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$41.00 to C$45.00 in a report on Thursday, January 4th. Scotiabank raised their price objective on Power Co. of Canada from C$44.00 to C$45.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 31st. Finally, Desjardins boosted their target price on Power Co. of Canada from C$39.00 to C$40.00 and gave the stock a "buy" rating in a research report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of C$41.44.

Power Co. of Canada Price Performance

POW traded up C$0.55 on Thursday, hitting C$37.41. 5,206,197 shares of the company's stock traded hands, compared to its average volume of 2,947,030. The company's 50 day simple moving average is C$37.96 and its 200-day simple moving average is C$37.40. The company has a current ratio of 23.47, a quick ratio of 107.64 and a debt-to-equity ratio of 50.75. Power Co. of Canada has a one year low of C$32.33 and a one year high of C$40.30. The firm has a market cap of C$22.27 billion, a price-to-earnings ratio of 10.91, a P/E/G ratio of 0.95 and a beta of 1.11.

Power Co. of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Thursday, March 28th were given a dividend of $0.563 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Power Co. of Canada's previous quarterly dividend of $0.53. This represents a $2.25 dividend on an annualized basis and a yield of 6.02%. Power Co. of Canada's dividend payout ratio is 65.60%.

Power Co. of Canada Company Profile

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.