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

Power Co. of Canada (TSE:POW) – Analysts at Desjardins raised their Q4 2024 earnings per share 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 prior forecast 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.

POW has been the topic of several other reports. Scotiabank boosted their price target on shares of Power Co. of Canada from C$47.00 to C$47.50 in a report on Wednesday, July 24th. TD Securities upped 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 report on Thursday. Jefferies Financial Group reduced their price target on Power Co. of Canada from C$45.00 to C$44.00 in a report on Friday, August 2nd. Royal Bank of Canada boosted their price target on Power Co. of Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Finally, National Bankshares raised their price objective on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$46.39.

Power Co. of Canada Stock Performance

POW stock opened at C$45.59 on Friday. The firm has a 50 day simple moving average of C$43.59 and a 200 day simple moving average of C$40.54. Power Co. of Canada has a 52 week low of C$35.52 and a 52 week high of C$47.18. The stock has a market cap of C$27.01 billion, a P/E ratio of 10.38, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 48.53, a quick ratio of 107.64 and a current ratio of 91.78.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share 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.