Desjardins Weighs in on Power Co. of Canada’s Q1 2024 Earnings (TSE:POW)

Power Co. of Canada (TSE:POWFree Report) – Research analysts at Desjardins issued their Q1 2024 EPS estimates for Power Co. of Canada in a report released on Thursday, March 21st. Desjardins analyst D. Young expects that the financial services provider will post earnings per share of $1.07 for the quarter. Desjardins has a “Buy” rating and a $40.00 price target on the stock. The consensus estimate for Power Co. of Canada’s current full-year earnings is $4.48 per share. Desjardins also issued estimates for Power Co. of Canada’s Q2 2024 earnings at $1.10 EPS, Q3 2024 earnings at $1.11 EPS and Q4 2024 earnings at $1.14 EPS.

POW has been the topic of a number of other research reports. Scotiabank raised their price objective on shares of Power Co. of Canada from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. TD Securities cut shares of Power Co. of Canada from a “buy” rating to a “hold” rating and lifted their target price for the company from C$40.00 to C$42.00 in a report on Friday, March 22nd. Royal Bank of Canada raised shares of Power Co. of Canada from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$41.00 to C$45.00 in a report on Thursday, January 4th. National Bankshares lifted their target price on shares of Power Co. of Canada from C$39.00 to C$41.00 in a report on Thursday, March 21st. Finally, BMO Capital Markets lifted their target price on shares of Power Co. of Canada from C$38.00 to C$41.00 in a report on Friday, March 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$41.78.

Check Out Our Latest Research Report on Power Co. of Canada

Power Co. of Canada Stock Up 0.0 %

POW stock opened at C$38.13 on Monday. The company has a current ratio of 45.83, a quick ratio of 107.64 and a debt-to-equity ratio of 49.89. Power Co. of Canada has a twelve month low of C$32.33 and a twelve month high of C$40.30. The company’s 50 day moving average is C$38.90 and its two-hundred day moving average is C$37.22. The stock has a market cap of C$22.91 billion, a P/E ratio of 15.13, a PEG ratio of 0.95 and a beta of 1.11.

Power Co. of Canada (TSE:POWGet Free Report) last released its quarterly earnings data on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.00 by C($0.11). Power Co. of Canada had a return on equity of 7.08% and a net margin of 3.29%. The company had revenue of C$21.37 billion for the quarter.

Power Co. of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, March 28th will be given a $0.563 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 5.91%. This is a positive change from Power Co. of Canada’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Wednesday, March 27th. Power Co. of Canada’s dividend payout ratio (DPR) is 83.33%.

About Power Co. of Canada

(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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