Power Financial Corp Forecasted to Earn Q1 2019 Earnings of $0.79 Per Share (PWF)

Power Financial Corp (TSE:PWF) – Stock analysts at Desjardins issued their Q1 2019 earnings estimates for Power Financial 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 $0.79 for the quarter. Desjardins also issued estimates for Power Financial’s FY2019 earnings at $3.55 EPS and FY2020 earnings at $3.76 EPS.

Power Financial (TSE:PWF) last issued its earnings results on Wednesday, March 20th. The financial services provider reported C$0.65 earnings per share (EPS) for the quarter.

Other analysts have also recently issued reports about the company. CIBC upped their target price on Power Financial from C$32.50 to C$37.00 in a report on Thursday, March 21st. TD Securities dropped their target price on Power Financial from C$35.00 to C$34.00 in a report on Thursday. BMO Capital Markets upped their target price on Power Financial from C$31.00 to C$33.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. Finally, Royal Bank of Canada upped their target price on Power Financial from C$33.00 to C$36.00 and gave the company a “sector perform” rating in a report on Tuesday, March 12th.

TSE:PWF traded up C$0.08 during trading hours on Thursday, hitting C$29.87. The company had a trading volume of 667,587 shares, compared to its average volume of 805,340. The company has a quick ratio of 0.90, a current ratio of 1.67 and a debt-to-equity ratio of 46.69. The stock has a market cap of $19.78 billion and a P/E ratio of 9.52. Power Financial has a 1 year low of C$25.05 and a 1 year high of C$33.27.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Friday, March 29th were paid a $0.456 dividend. This represents a $1.82 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend was Thursday, March 28th. This is a positive change from Power Financial’s previous quarterly dividend of $0.43. Power Financial’s dividend payout ratio is 55.89%.

Power Financial Company Profile

Power Financial Corporation provides financial services in Canada, the United States, Europe, and Asia. It offers life, disability, critical illness, and health insurance products, as well as wealth savings and income products, and specialty products. The company also provides financial products, including employer-sponsored defined contribution plans, individual retirement accounts, enrollment services, communication materials, investment options and education services, fund management services, and investment and advisory services.

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Earnings History and Estimates for Power Financial (TSE:PWF)

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