National Bank Financial Comments on TSE:POW Q4 Earnings

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

Power Co. of Canada (TSE:POW) last announced its quarterly earnings data on Tuesday, November 12th. The financial services provider reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.32). Power Co. of Canada had a return on equity of 11.29% and a net margin of 8.29%. The business had revenue of C$5.29 billion during the quarter.

A number of other equities analysts have also recently commented on POW. Desjardins lifted 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 Monday, August 12th. National Bankshares raised their target price on shares of Power Co. of Canada from C$42.00 to C$47.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. TD Securities upped their price target on shares of Power Co. of Canada from C$44.00 to C$49.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank of Canada raised their price target on shares of Power Co. of Canada from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Finally, CIBC boosted their price objective on shares of Power Co. of Canada from C$45.00 to C$51.00 in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$46.39.

Power Co. of Canada Stock Up 1.3 %

POW opened at C$45.59 on Friday. The company 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. Power Co. of Canada has a 12 month low of C$35.52 and a 12 month high of C$47.18. The business’s 50-day moving average price is C$43.59 and its 200-day moving average price is C$40.54. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53.

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.