Power Co. of Canada (POW) Scheduled to Post Quarterly Earnings on Thursday

Power Co. of Canada (TSE:POW) is scheduled to issue its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of C$1.13 per share for the quarter.

Power Co. of Canada (TSE:POW) last posted its quarterly earnings results on Wednesday, May 8th. The financial services provider reported C$1.12 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.09 by C$0.03. Power Co. of Canada had a net margin of 7.84% and a return on equity of 10.37%. The company had revenue of C$2.73 billion for the quarter.

Power Co. of Canada Trading Down 0.6 %

POW opened at C$37.62 on Wednesday. The company’s 50 day moving average is C$38.96 and its 200-day moving average is C$38.67. Power Co. of Canada has a 1-year low of C$32.33 and a 1-year high of C$40.59. The company has a current ratio of 90.10, a quick ratio of 107.64 and a debt-to-equity ratio of 48.88. The company has a market cap of C$22.39 billion, a P/E ratio of 9.18, a PEG ratio of 0.95 and a beta of 1.10.

Analysts Set New Price Targets

POW has been the topic of a number of research analyst reports. TD Securities raised their price target on shares of Power Co. of Canada from C$42.00 to C$44.00 in a research note on Friday, May 10th. Jefferies Financial Group reduced their price target on shares of Power Co. of Canada from C$45.00 to C$44.00 in a research note on Friday, August 2nd. Scotiabank raised their price target on shares of Power Co. of Canada from C$47.00 to C$47.50 in a research note on Wednesday, July 24th. Royal Bank of Canada raised their price objective on shares of Power Co. of Canada from C$45.00 to C$46.00 in a report on Thursday, May 9th. Finally, BMO Capital Markets raised their price objective on shares of Power Co. of Canada from C$41.00 to C$42.00 and gave the company a “market perform” rating in a report on Tuesday, May 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Power Co. of Canada presently has an average rating of “Moderate Buy” and a consensus target price of C$43.06.

About Power Co. of Canada

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.