Desjardins Issues Optimistic Outlook for TSE:POW Earnings

Power Co. of Canada (TSE:POW) – Desjardins raised their Q4 2024 earnings estimates for shares of Power Co. of Canada in a report issued on Tuesday, November 12th. Desjardins analyst D. Young now anticipates that the financial services provider will earn $1.59 per share for the quarter, up from their prior forecast of $1.20. Desjardins has a “Buy” rating and a $44.00 price objective 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.

Power Co. of Canada (TSE:POW) last released its earnings results on Tuesday, November 12th. The financial services provider reported C$0.82 EPS for the quarter, missing the consensus estimate of C$1.14 by C($0.32). The firm had revenue of C$5.29 billion during the quarter. Power Co. of Canada had a net margin of 8.29% and a return on equity of 11.29%.

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

Power Co. of Canada Stock Up 1.3 %

Shares of TSE:POW opened at C$45.59 on Friday. The company has a 50 day moving average price of C$43.59 and a two-hundred day moving average price of C$40.54. The company has a market capitalization of C$27.01 billion, a PE ratio of 10.38, a PEG ratio of 0.57 and a beta of 1.09. Power Co. of Canada has a 52 week low of C$35.52 and a 52 week high of C$47.18. 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 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.