Power Co. of Canada (TSE:POW) Posts Earnings Results, Misses Expectations By $0.32 EPS

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

Power Co. of Canada Stock Performance

Shares of POW stock 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 PEG ratio of 0.57 and a beta of 1.09. The company has a current ratio of 91.78, a quick ratio of 107.64 and a debt-to-equity ratio of 48.53. The firm has a fifty day moving average price of C$43.59 and a 200 day moving average price of C$40.54. Power Co. of Canada has a 12 month low of C$35.52 and a 12 month high of C$47.18.

Wall Street Analyst Weigh In

A number of research firms have commented on POW. TD Securities lifted their target price on 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. BMO Capital Markets boosted their price target on shares of Power Co. of Canada from C$42.00 to C$49.00 in a research note on Tuesday. Desjardins increased their price objective on shares of Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. National Bankshares upped 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 note on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their price objective 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$46.39.

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.