Power Co. of Canada (TSE:POW) Issues Earnings Results, Misses Estimates By $0.11 EPS

Power Co. of Canada (TSE:POWGet Free Report) announced its quarterly earnings results on Wednesday. The financial services provider reported C$0.89 EPS for the quarter, missing the consensus estimate of C$1.00 by C($0.11), reports. The company had revenue of C$21.37 billion for the quarter. Power Co. of Canada had a net margin of 3.29% and a return on equity of 7.08%.

Power Co. of Canada Trading Up 1.4 %

TSE:POW opened at C$39.82 on Friday. Power Co. of Canada has a twelve month low of C$32.33 and a twelve month high of C$40.30. The company has a quick ratio of 107.64, a current ratio of 45.83 and a debt-to-equity ratio of 49.89. The business has a 50 day moving average price of C$38.87 and a two-hundred day moving average price of C$37.20. The company has a market cap of C$23.92 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 0.95 and a beta of 1.11.

Analysts Set New Price Targets

A number of research firms have weighed in on POW. National Bankshares lifted their price target on shares of Power Co. of Canada from C$39.00 to C$41.00 in a research note on Thursday. Desjardins boosted their target price on Power Co. of Canada from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Scotiabank boosted their target price on Power Co. of Canada from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 31st. CIBC boosted their target price on Power Co. of Canada from C$40.00 to C$43.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Royal Bank of Canada upgraded Power Co. of Canada from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$41.00 to C$45.00 in a research report on Thursday, January 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Power Co. of Canada presently has an average rating of “Moderate Buy” and an average price target of C$41.56.

Check Out Our Latest Analysis on Power Co. of Canada

Power Co. of Canada Company Profile

(Get Free Report)

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.

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Earnings History for Power Co. of Canada (TSE:POW)

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