Power Co. of Canada (POW) to Release Quarterly Earnings on Wednesday

Power Co. of Canada (TSE:POW) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$1.04 per share for the quarter.

Power Co. of Canada (TSE:POW) last posted its earnings results 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). The firm had revenue of C$21.37 billion for the quarter. Power Co. of Canada had a return on equity of 8.94% and a net margin of 6.89%.

Power Co. of Canada Trading Up 1.2 %

POW opened at C$37.85 on Monday. The company has a quick ratio of 107.64, a current ratio of 23.47 and a debt-to-equity ratio of 50.75. Power Co. of Canada has a 52 week low of C$32.33 and a 52 week high of C$40.30. The stock has a market cap of C$22.52 billion, a PE ratio of 11.03, a PEG ratio of 0.95 and a beta of 1.09. The business has a 50 day moving average of C$37.92 and a 200-day moving average of C$37.45.

Power Co. of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Thursday, March 28th were issued a $0.563 dividend. This is an increase from Power Co. of Canada’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 27th. This represents a $2.25 dividend on an annualized basis and a yield of 5.95%. Power Co. of Canada’s dividend payout ratio is 65.60%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. CIBC decreased their price target on shares of Power Co. of Canada from C$43.00 to C$40.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Scotiabank lifted their target price on shares of Power Co. of Canada from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. TD Securities downgraded Power Co. of Canada from a “buy” rating to a “hold” rating and upped their price target for the stock from C$40.00 to C$42.00 in a research note on Friday, March 22nd. Desjardins lifted their price objective on Power Co. of Canada from C$39.00 to C$40.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, BMO Capital Markets increased their target price on Power Co. of Canada from C$38.00 to C$41.00 in a research note on Friday, March 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Power Co. of Canada has an average rating of “Hold” and an average price target of C$41.44.

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.