Great-West Lifeco Inc (GWO) to Post Q3 2017 Earnings of $0.72 Per Share, Desjardins Forecasts
Great-West Lifeco Inc (TSE:GWO) – Equities researchers at Desjardins reduced their Q3 2017 EPS estimates for shares of Great-West Lifeco in a research note issued on Tuesday. Desjardins analyst D. Young now forecasts that the company will post earnings of $0.72 per share for the quarter, down from their previous forecast of $0.76. Desjardins also issued estimates for Great-West Lifeco’s Q4 2017 earnings at $0.76 EPS, FY2017 earnings at $2.78 EPS, FY2018 earnings at $3.10 EPS and FY2019 earnings at $3.28 EPS.
Separately, Barclays PLC increased their price objective on shares of Great-West Lifeco from C$36.00 to C$37.00 in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Great-West Lifeco has an average rating of “Hold” and a consensus price target of C$36.70.
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Shares of Great-West Lifeco (TSE GWO) opened at 36.27 on Thursday. Great-West Lifeco has a 1-year low of $32.50 and a 1-year high of $37.79. The company has a market cap of $35.90 billion and a P/E ratio of 14.21. The stock’s 50 day moving average is $35.00 and its 200 day moving average is $35.20.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were issued a dividend of $0.367 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.47 dividend on an annualized basis and a yield of 4.05%.
In other Great-West Lifeco news, insider Lifeco U.S. Holding Great-West bought 81,387 shares of Great-West Lifeco stock in a transaction on Saturday, September 30th. The shares were bought at an average cost of C$35.62 per share, for a total transaction of C$2,899,004.94.
Great-West Lifeco Company Profile
Great-West Lifeco Inc (Lifeco) is a financial services holding company. The Company has interests in the life insurance, health insurance, asset management, investment and retirement savings, and reinsurance businesses. It operates through four operating segments: Canada, United States, Europe and Lifeco Corporate.
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