Power Co. of Canada (PWCDF) Expected to Announce Quarterly Earnings on Tuesday

Power Co. of Canada (OTCMKTS:PWCDF) will likely be issuing its resultson Tuesday, May 12th. Analysts expect the company to announce earnings of $1.02 per share and revenue of $3.2140 billion for the quarter.

Power Co. of Canada Trading Up 0.8%

OTCMKTS:PWCDF traded up $0.47 during midday trading on Tuesday, reaching $56.21. 7,182 shares of the stock traded hands, compared to its average volume of 43,300. The company has a fifty day moving average of $50.09 and a 200 day moving average of $49.97. Power Co. of Canada has a 12 month low of $34.21 and a 12 month high of $56.70.

Wall Street Analyst Weigh In

PWCDF has been the subject of a number of recent analyst reports. Scotiabank reiterated an “outperform” rating on shares of Power Co. of Canada in a report on Tuesday, April 28th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Power Co. of Canada in a report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Power Co. of Canada presently has an average rating of “Hold”.

About Power Co. of Canada

Power Co of Canada is a diversified international management and holding company founded in 1925 and headquartered in Montreal, Quebec. Through its principal subsidiaries, the company builds long-term value by investing in and providing strategic oversight to companies operating primarily in the financial services sector. Power Co maintains a long history of family ownership and stewardship, with former co-CEOs Paul Desmarais Jr. and André Desmarais playing key roles in its development over recent decades.

The company’s main areas of activity encompass life and health insurance, wealth and asset management, and retirement services.