FY2018 EPS Estimates for Power Co. of Canada Cut by Desjardins (POW)
Power Co. of Canada (TSE:POW) – Equities research analysts at Desjardins dropped their FY2018 earnings per share estimates for Power Co. of Canada in a research report issued on Monday. Desjardins analyst D. Young now anticipates that the financial services provider will post earnings of $3.13 per share for the year, down from their prior forecast of $3.15.
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A number of other research analysts have also recently commented on POW. Barclays PLC upped their price target on Power Co. of Canada from C$32.00 to C$33.00 in a research report on Tuesday, August 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a C$35.00 price target on shares of Power Co. of Canada in a research report on Wednesday, November 8th. Finally, Royal Bank Of Canada increased their price objective on Power Co. of Canada from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Monday.
Shares of Power Co. of Canada (TSE:POW) traded up C$0.08 during midday trading on Tuesday, hitting C$32.85. The stock had a trading volume of 531,066 shares, compared to its average volume of 783,344. Power Co. of Canada has a 1 year low of C$28.40 and a 1 year high of C$33.69.
In related news, insider Stéphane Lemay sold 22,609 shares of the stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of C$32.19, for a total transaction of C$727,783.71.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a dividend of $0.3585 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.43 dividend on an annualized basis and a yield of 4.37%. Power Co. of Canada’s dividend payout ratio (DPR) is 47.18%.
About Power Co. of Canada
Power Corporation of Canada is a diversified management and holding company. The Company has interest in the financial services, renewable energy, communications and other business sectors. Its principal asset is the controlling interest in Power Financial Corporation (Power Financial). Its segments are Great-West Lifeco Inc (Lifeco), IGM Financial Inc (IGM) and Pargesa Holding SA (Pargesa).
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