Great-West Lifeco Inc (GWO) to Post Q1 2019 Earnings of $0.74 Per Share, Desjardins Forecasts

Great-West Lifeco Inc (TSE:GWO) – Equities research analysts at Desjardins issued their Q1 2019 EPS estimates for Great-West Lifeco in a note issued to investors on Monday, April 15th. Desjardins analyst D. Young anticipates that the company will post earnings per share of $0.74 for the quarter. Desjardins also issued estimates for Great-West Lifeco’s Q2 2019 earnings at $0.82 EPS, Q4 2019 earnings at $0.80 EPS and FY2019 earnings at $3.21 EPS.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity dropped their price objective on shares of Great-West Lifeco from C$35.00 to C$34.00 in a report on Friday, February 8th. Eight Capital raised their target price on shares of Great-West Lifeco from C$29.00 to C$30.00 in a research note on Friday, February 8th. BMO Capital Markets lowered their target price on shares of Great-West Lifeco from C$33.00 to C$32.00 in a research note on Friday, January 25th. TD Securities lowered their target price on shares of Great-West Lifeco from C$34.00 to C$33.00 and set a “hold” rating on the stock in a research note on Friday, February 8th. Finally, CIBC raised shares of Great-West Lifeco from a “neutral” rating to an “outperform” rating and raised their target price for the company from C$33.00 to C$37.50 in a research note on Thursday, March 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of C$33.39.

Great-West Lifeco stock opened at C$33.33 on Tuesday. The company has a debt-to-equity ratio of 25.24, a quick ratio of 8.22 and a current ratio of 8.90. Great-West Lifeco has a 1 year low of C$26.83 and a 1 year high of C$34.45. The stock has a market capitalization of $32.83 billion and a PE ratio of 11.13.

Great-West Lifeco (TSE:GWO) last posted its quarterly earnings results on Thursday, February 7th. The company reported C$0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.73 by C($0.01). The firm had revenue of C$11.70 billion for the quarter.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 29th were issued a $0.413 dividend. This represents a $1.65 annualized dividend and a dividend yield of 4.96%. This is a boost from Great-West Lifeco’s previous quarterly dividend of $0.39. The ex-dividend date was Thursday, February 28th. Great-West Lifeco’s dividend payout ratio (DPR) is presently 51.97%.

About Great-West Lifeco

Great-West Lifeco Inc, a financial services holding company, engages in life and health insurance, asset management, investment and retirement savings, and reinsurance businesses in Canada, the United States, and Europe. The company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, dental protection, direct marketing, health, and creditor insurance products; and wealth savings and income, accumulation, and annuity products.

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Earnings History and Estimates for Great-West Lifeco (TSE:GWO)

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