Desjardins Analysts Boost Earnings Estimates for Great-West Lifeco Inc (GWO)

Great-West Lifeco Inc (TSE:GWO) – Equities research analysts at Desjardins upped their Q3 2018 earnings per share (EPS) estimates for Great-West Lifeco in a note issued to investors on Monday, October 15th. Desjardins analyst D. Young now anticipates that the company will earn $0.76 per share for the quarter, up from their previous estimate of $0.74. Desjardins also issued estimates for Great-West Lifeco’s Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $3.02 EPS, FY2019 earnings at $3.22 EPS and FY2020 earnings at $3.44 EPS.

Great-West Lifeco (TSE:GWO) last issued its quarterly earnings results on Wednesday, August 1st. The company reported C$0.84 earnings per share for the quarter, topping the consensus estimate of C$0.75 by C$0.09. The business had revenue of C$10.61 billion during the quarter. Great-West Lifeco had a return on equity of 7.94% and a net margin of 3.43%.

Several other brokerages also recently weighed in on GWO. Canaccord Genuity set a C$38.00 price target on Great-West Lifeco and gave the stock a “buy” rating in a report on Tuesday, July 24th. BMO Capital Markets lowered their price target on Great-West Lifeco from C$37.00 to C$36.00 in a report on Thursday, August 2nd. Eight Capital lowered their price target on Great-West Lifeco from C$36.00 to C$35.00 in a report on Thursday, August 2nd. Finally, TD Securities raised their price target on Great-West Lifeco from C$36.00 to C$37.00 in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$36.70.

Shares of TSE GWO opened at C$29.84 on Wednesday. Great-West Lifeco has a fifty-two week low of C$29.72 and a fifty-two week high of C$36.65.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 28th were paid a $0.389 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend was Thursday, August 30th.

Great-West Lifeco Company Profile

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, Europe, and Asia. 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 accumulation and annuity products.

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

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