Brokers Offer Predictions for Power Co. of Canada’s FY2023 Earnings (TSE:POW)

Power Co. of Canada (TSE:POW) – Research analysts at National Bank Financial increased their FY2023 EPS estimates for shares of Power Co. of Canada in a research note issued on Tuesday, November 14th. National Bank Financial analyst J. Gloyn now anticipates that the financial services provider will earn $4.62 per share for the year, up from their previous estimate of $4.17. The consensus estimate for Power Co. of Canada’s current full-year earnings is $4.37 per share. National Bank Financial also issued estimates for Power Co. of Canada’s Q4 2023 earnings at $1.06 EPS.

Power Co. of Canada (TSE:POW) last issued its quarterly earnings data on Monday, November 13th. The financial services provider reported C$1.52 EPS for the quarter, topping the consensus estimate of C$1.00 by C$0.52. Power Co. of Canada had a net margin of 4.37% and a return on equity of 7.51%. The firm had revenue of C$4.66 billion for the quarter.

Several other equities research analysts also recently weighed in on POW. Royal Bank of Canada cut their target price on shares of Power Co. of Canada from C$45.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 24th. Cfra upped their target price on shares of Power Co. of Canada from C$36.00 to C$39.00 in a research note on Wednesday. National Bankshares cut their target price on shares of Power Co. of Canada from C$42.00 to C$39.00 in a research note on Tuesday. BMO Capital Markets dropped their price objective on shares of Power Co. of Canada from C$41.00 to C$38.00 in a research report on Monday, November 13th. Finally, Scotiabank increased their price objective on shares of Power Co. of Canada from C$42.50 to C$44.00 and gave the company a “sector perform” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$39.78.

Power Co. of Canada Price Performance

Shares of POW opened at C$36.63 on Friday. Power Co. of Canada has a fifty-two week low of C$31.47 and a fifty-two week high of C$38.98. The firm’s 50 day moving average price is C$35.10 and its 200 day moving average price is C$35.92. The company has a market cap of C$22.01 billion, a P/E ratio of 14.54, a PEG ratio of 0.95 and a beta of 1.09. The company has a quick ratio of 107.64, a current ratio of 12.78 and a debt-to-equity ratio of 49.33.

Power Co. of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date is Thursday, December 28th. Power Co. of Canada’s dividend payout ratio (DPR) is 83.33%.

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, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; fund and asset management; reinsurance and retrocession; investment advisory, financial planning, and related services; fund products; and protection and wealth management services.