Brokers Issue Forecasts for Parkland Q4 Earnings

Parkland Co. (TSE:PKI) – Stock analysts at National Bank Financial issued their Q4 2024 earnings estimates for Parkland in a research report issued on Monday, January 27th. National Bank Financial analyst V. Shreedhar forecasts that the company will post earnings of $0.58 per share for the quarter. The consensus estimate for Parkland’s current full-year earnings is $3.60 per share. National Bank Financial also issued estimates for Parkland’s FY2026 earnings at $3.94 EPS.

Several other analysts also recently issued reports on PKI. Raymond James cut their price target on Parkland from C$55.00 to C$47.00 in a report on Friday, October 25th. Canaccord Genuity Group cut their target price on Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Desjardins lowered their price target on shares of Parkland from C$46.00 to C$44.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. ATB Capital cut their price objective on shares of 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, TD Securities decreased their target price on shares of Parkland from C$55.00 to C$53.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$48.08.

Parkland Stock Performance

Shares of TSE PKI opened at C$33.20 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 1.33 and a debt-to-equity ratio of 206.76. The firm’s 50-day moving average price is C$34.21 and its two-hundred day moving average price is C$35.09. Parkland has a 52-week low of C$31.68 and a 52-week high of C$47.99. The stock has a market capitalization of C$5.78 billion, a P/E ratio of 15.59, a P/E/G ratio of 11.79 and a beta of 1.33.

Parkland (TSE:PKI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$0.60 EPS for the quarter, meeting 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 last year, the firm posted $1.28 earnings per share.

Insider Activity at Parkland

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

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.