FY2019 EPS Estimates for Power Co. of Canada Cut by Desjardins (POW)

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Power Co. of Canada (TSE:POW) – Investment analysts at Desjardins dropped their FY2019 EPS estimates for shares of Power Co. of Canada in a report released on Wednesday, May 15th. Desjardins analyst D. Young now forecasts that the financial services provider will post earnings per share of $3.14 for the year, down from their previous estimate of $3.37. Desjardins also issued estimates for Power Co. of Canada’s FY2020 earnings at $3.54 EPS.

Several other research analysts also recently commented on the company. TD Securities reduced their price objective on Power Co. of Canada from C$33.00 to C$32.00 in a report on Thursday. BMO Capital Markets raised their price objective on Power Co. of Canada from C$31.00 to C$34.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. CIBC raised their price objective on Power Co. of Canada from C$30.00 to C$34.00 in a report on Friday, March 22nd. Finally, Royal Bank of Canada raised their price objective on Power Co. of Canada from C$31.00 to C$34.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 12th.

POW opened at C$28.03 on Thursday. The firm has a market cap of $10.59 billion and a price-to-earnings ratio of 10.17. Power Co. of Canada has a 52 week low of C$23.35 and a 52 week high of C$32.60. The company has a current ratio of 9.93, a quick ratio of 9.29 and a debt-to-equity ratio of 46.80.

Power Co. of Canada (TSE:POW) last released its quarterly earnings data on Wednesday, March 20th. The financial services provider reported C$0.60 EPS for the quarter. The firm had revenue of C$12.66 million for the quarter.

About Power Co. of Canada

Power Corporation of Canada operates as a diversified international management and holding company with interests primarily in the financial services, sustainable and renewable energy, asset management, communications, and other business sectors in North America, Europe, and Asia. The company operates through Lifeco, IGM Financial, and Pargesa segments.

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Earnings History and Estimates for Power Co. of Canada (TSE:POW)

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