Desjardins Comments on Power Co. of Canada’s Q1 2019 Earnings (POW)

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Power Co. of Canada (TSE:POW) – Stock analysts at Desjardins issued their Q1 2019 earnings estimates for Power Co. of Canada in a research note issued on Wednesday, May 1st, Zacks Investment Research reports. Desjardins analyst D. Young expects that the financial services provider will post earnings per share of $0.75 for the quarter. Desjardins also issued estimates for Power Co. of Canada’s FY2019 earnings at $3.37 EPS and FY2020 earnings at $3.67 EPS.

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 business had revenue of C$12.66 million during the quarter.

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

Shares of POW traded down C$0.07 during mid-day trading on Thursday, reaching C$28.03. The company’s stock had a trading volume of 2,097,046 shares, compared to its average volume of 1,598,759. Power Co. of Canada has a 12-month low of C$23.35 and a 12-month high of C$32.60. The company has a market cap of $10.59 billion and a P/E ratio of 10.17. The company has a debt-to-equity ratio of 46.80, a quick ratio of 9.29 and a current ratio of 9.93.

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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