National Bank Financial Forecasts Parkland FY2024 Earnings

Parkland Co. (TSE:PKI) – Research analysts at National Bank Financial lowered their FY2024 earnings per share estimates for shares of Parkland in a research note issued to investors on Monday, January 27th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of $2.30 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.

PKI has been the topic of a number of other research reports. Desjardins lowered their price objective on 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. BMO Capital Markets lowered their price objective on Parkland from C$49.00 to C$46.00 in a research report on Tuesday, October 22nd. ATB Capital lowered their price objective 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. CIBC increased their price objective on Parkland from C$48.00 to C$49.00 in a research report on Wednesday, November 27th. Finally, Raymond James reduced their target price on Parkland from C$55.00 to C$47.00 in a research note on Friday, October 25th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$48.08.

Parkland Trading Down 0.4 %

Shares of PKI opened at C$33.49 on Thursday. Parkland has a 52-week low of C$31.68 and a 52-week high of C$47.99. The business’s fifty day moving average is C$34.22 and its 200-day moving average is C$35.10. The company has a debt-to-equity ratio of 206.76, a quick ratio of 0.73 and a current ratio of 1.33. The firm has a market cap of C$5.83 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 11.79 and a beta of 1.33.

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

Insider Buying and Selling

In other Parkland news, Director James Allan Neate bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost 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 the stock in a transaction on Monday, November 4th. The stock was bought at an average price of C$32.02 per share, with a total value of C$128,060.00. 20.51% of the stock is owned by 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.