Brokers Offer Predictions for Parkland FY2024 Earnings

Parkland Co. (TSE:PKI) – National Bank Financial reduced their FY2024 earnings per share estimates for Parkland in a note issued to investors on Monday, January 27th. National Bank Financial analyst V. Shreedhar now expects that the company will earn $2.30 per share for the year, down from their previous estimate of $2.39. The consensus estimate for Parkland’s current full-year earnings is $3.60 per share. National Bank Financial also issued estimates for Parkland’s FY2025 earnings at $3.06 EPS.

Several other research analysts have also recently commented on PKI. Desjardins lowered their target price on shares of Parkland from C$46.00 to C$44.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Scotiabank lowered their price objective on Parkland from C$60.00 to C$52.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. BMO Capital Markets cut their target price on Parkland from C$49.00 to C$46.00 in a research report on Tuesday, October 22nd. ATB Capital decreased their price target on Parkland from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Raymond James cut their price objective on shares of Parkland from C$55.00 to C$47.00 in a research report on Friday, October 25th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$48.08.

Parkland Trading Down 0.9 %

PKI stock opened at C$33.20 on Thursday. Parkland has a 52 week low of C$31.68 and a 52 week high of C$47.99. The company has a market capitalization of C$5.78 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The company’s 50-day simple moving average is C$34.21 and its 200 day simple moving average is C$35.09. The company has a debt-to-equity ratio of 206.76, a quick ratio of 0.73 and a current ratio of 1.33.

Parkland (TSE:PKI) last posted its quarterly earnings data 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 return on equity of 12.26% and a net margin of 1.23%. During the same quarter in the previous year, the business posted $1.28 EPS.

Insider Buying and Selling

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

Parkland Company Profile

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.