Great-West Lifeco Inc. (TSE:GWO) Forecasted to Post Q2 2022 Earnings of $0.96 Per Share

Great-West Lifeco Inc. (TSE:GWO – Get Rating) – Desjardins issued their Q2 2022 earnings estimates for Great-West Lifeco in a report released on Thursday, May 5th. Desjardins analyst D. Young anticipates that the company will post earnings per share of $0.96 for the quarter. Desjardins also issued estimates for Great-West Lifeco’s Q3 2022 earnings at $0.98 EPS, Q4 2022 earnings at $0.93 EPS and FY2022 earnings at $3.72 EPS.

Great-West Lifeco (TSE:GWO – Get Rating) last issued its quarterly earnings data 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 firm had revenue of C$18.12 billion for the quarter.

A number of other research firms have also issued reports on GWO. National Bankshares reduced their target price on shares of Great-West Lifeco from C$39.00 to C$38.00 in a report on Wednesday, April 20th. Veritas Investment Research reiterated a “sell” rating on shares of Great-West Lifeco in a report on Friday. CIBC reduced their target price on shares of Great-West Lifeco from C$39.00 to C$38.00 and set a “neutral” rating on the stock in a report on Friday. BMO Capital Markets reduced their target price on shares of Great-West Lifeco from C$41.00 to C$38.00 in a report on Friday. Finally, Scotiabank reduced their target price on shares of Great-West Lifeco from C$41.00 to C$38.00 in a report on Monday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$39.64.

Great-West Lifeco stock opened at C$33.97 on Monday. The firm has a market cap of C$31.65 billion and a PE ratio of 10.11. Great-West Lifeco has a 52-week low of C$33.37 and a 52-week high of C$41.50. The company has a quick ratio of 12.57, a current ratio of 14.96 and a debt-to-equity ratio of 31.93. The company’s 50 day moving average is C$36.22 and its two-hundred day moving average is C$37.60.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 31st were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date was Wednesday, March 2nd. Great-West Lifeco’s dividend payout ratio (DPR) is 55.24%.

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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