Research Analysts Set Expectations for Parkland Q4 Earnings

Parkland Co. (TSE:PKI) – Scotiabank lowered their Q4 2024 earnings per share (EPS) estimates for Parkland in a research report issued on Thursday, January 23rd. Scotiabank analyst B. Isaacson now expects that the company will earn $0.40 per share for the quarter, down from their previous forecast of $0.52. Scotiabank currently has a “Outperform” rating and a $52.00 target price on the stock. The consensus estimate for Parkland’s current full-year earnings is $3.60 per share.

Parkland (TSE:PKI) last released its earnings results on Wednesday, October 30th. The company reported C$0.60 earnings per share for the quarter, hitting the consensus estimate of C$0.60. Parkland had a net margin of 1.23% and a return on equity of 12.26%. During the same period in the prior year, the company earned $1.28 EPS.

Several other research firms have also weighed in on PKI. National Bankshares dropped their price target on Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. ATB Capital dropped their target price on Parkland from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. TD Securities decreased their price target on shares of Parkland from C$55.00 to C$53.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Desjardins lowered their price objective on shares of Parkland from C$46.00 to C$44.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Raymond James cut their target price on shares of Parkland from C$55.00 to C$47.00 in a research report on Friday, October 25th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$48.08.

Parkland Price Performance

Shares of TSE:PKI opened at C$34.33 on Monday. The company’s fifty day moving average is C$34.25 and its two-hundred day moving average is C$35.16. The company has a market cap of C$5.98 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. Parkland has a 12-month low of C$31.68 and a 12-month high of C$47.99. The company has a quick ratio of 0.73, a current ratio of 1.33 and a debt-to-equity ratio of 206.76.

Insider Buying and Selling

In other news, Director James Allan Neate bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average price of C$33.29 per share, for a total transaction of C$166,450.00. Also, Director Michael Christian Jennings bought 4,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were purchased at an average cost of C$32.02 per share, with a total value of C$128,060.00. 20.51% of the stock is currently owned by corporate insiders.

About Parkland

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company’s Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.