Q2 2024 EPS Estimates for Power Co. of Canada Decreased by Analyst (TSE:POW)

Power Co. of Canada (TSE:POW - Free Report) - National Bank Financial cut their Q2 2024 earnings per share (EPS) estimates for shares of Power Co. of Canada in a report issued on Wednesday, May 8th. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will post earnings of $1.14 per share for the quarter, down from their prior estimate of $1.16. The consensus estimate for Power Co. of Canada's current full-year earnings is $4.53 per share. National Bank Financial also issued estimates for Power Co. of Canada's Q3 2024 earnings at $1.15 EPS, Q4 2024 earnings at $1.16 EPS and FY2025 earnings at $4.98 EPS.

A number of other brokerages also recently issued reports on POW. TD Securities boosted their price objective on Power Co. of Canada from C$42.00 to C$44.00 in a research note on Friday. Royal Bank of Canada upped their price target on Power Co. of Canada from C$45.00 to C$46.00 in a research note on Thursday. Desjardins upped their price target on Power Co. of Canada from C$39.00 to C$40.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. Scotiabank upped their price target on Power Co. of Canada from C$46.50 to C$47.00 in a research note on Friday. Finally, Jefferies Financial Group upped their price target on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a "buy" rating in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$42.70.

Power Co. of Canada Trading Down 0.7 %

Shares of TSE POW traded down C$0.28 during trading on Friday, reaching C$40.12. The company had a trading volume of 1,949,995 shares, compared to its average volume of 2,913,522. The company's fifty day moving average price is C$37.97 and its 200-day moving average price is C$37.61. Power Co. of Canada has a 12 month low of C$32.33 and a 12 month high of C$40.59. The stock has a market cap of C$23.88 billion, a P/E ratio of 11.70, a PEG ratio of 0.95 and a beta of 1.09. The company has a quick ratio of 107.64, a current ratio of 23.47 and a debt-to-equity ratio of 50.75.

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

Power Co. of Canada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, June 28th will be given a dividend of $0.563 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.25 annualized dividend and a dividend yield of 5.61%. Power Co. of Canada's dividend payout ratio is currently 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.