Q1 2022 EPS Estimates for Great-West Lifeco Inc. Lowered by National Bank Financial (TSE:GWO)

Great-West Lifeco Inc. (TSE:GWOGet Rating) – Analysts at National Bank Financial decreased their Q1 2022 earnings per share (EPS) estimates for shares of Great-West Lifeco in a research report issued on Tuesday, April 19th. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings per share of $0.85 for the quarter, down from their prior estimate of $0.90. National Bank Financial also issued estimates for Great-West Lifeco’s Q2 2022 earnings at $0.94 EPS, Q4 2022 earnings at $0.98 EPS, FY2022 earnings at $3.75 EPS and FY2023 earnings at $4.02 EPS.

Great-West Lifeco (TSE:GWOGet Rating) last released its earnings results on Wednesday, February 9th. The company reported C$0.88 EPS for the quarter, missing the consensus estimate of C$0.91 by C($0.03). The business had revenue of C$18.12 billion for the quarter.

GWO has been the subject of several other reports. National Bankshares lowered their price objective on shares of Great-West Lifeco from C$39.00 to C$38.00 in a research report on Wednesday. Barclays dropped their target price on shares of Great-West Lifeco from C$45.00 to C$41.00 and set a “hold” rating for the company in a report on Tuesday, April 12th. Finally, Scotiabank cut their target price on shares of Great-West Lifeco from C$42.00 to C$41.00 in a research report on Friday, February 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Great-West Lifeco has a consensus rating of “Hold” and an average price target of C$40.36.

TSE GWO opened at C$37.25 on Thursday. The firm’s 50 day simple moving average is C$37.10 and its 200 day simple moving average is C$37.87. The firm has a market capitalization of C$34.67 billion and a price-to-earnings ratio of 11.09. The company has a current ratio of 14.96, a quick ratio of 12.57 and a debt-to-equity ratio of 31.93. Great-West Lifeco has a 1 year low of C$34.73 and a 1 year high of C$41.50.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 31st were paid a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 2nd. This represents a $1.96 annualized dividend and a dividend yield of 5.26%. Great-West Lifeco’s dividend payout ratio is 58.33%.

In other news, Senior Officer Paul Mahon sold 62,260 shares of the firm’s stock in a transaction dated Friday, February 11th. The stock was sold at an average price of C$40.18, for a total transaction of C$2,501,507.18. Following the completion of the transaction, the insider now directly owns 218,906 shares in the company, valued at C$8,795,292.83.

About Great-West Lifeco (Get Rating)

Great-West Lifeco Inc, a financial services holding company, engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and retirement savings and income, annuity, and other specialty products.

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Earnings History and Estimates for Great-West Lifeco (TSE:GWO)

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