Brokers Offer Predictions for Parkland Co.’s Q4 2024 Earnings (TSE:PKI)

Parkland Co. (TSE:PKI) – Investment analysts at Atb Cap Markets reduced their Q4 2024 EPS estimates for Parkland in a research report issued to clients and investors on Thursday, May 2nd. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $0.86 per share for the quarter, down from their previous forecast of $0.94. The consensus estimate for Parkland’s current full-year earnings is $3.30 per share.

Parkland (TSE:PKI) last posted its earnings results on Tuesday, February 27th. The company reported C$0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.64 by C$0.20. The firm had revenue of C$7.75 billion for the quarter, compared to analyst estimates of C$8.41 billion. Parkland had a return on equity of 15.15% and a net margin of 1.45%.

PKI has been the topic of a number of other reports. Scotiabank upped their target price on shares of Parkland from C$50.00 to C$60.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. National Bankshares raised their target price on shares of Parkland from C$49.00 to C$52.00 in a research report on Monday, April 22nd. BMO Capital Markets cut their price target on Parkland from C$57.00 to C$55.00 in a report on Tuesday, April 2nd. TD Securities lifted their price objective on Parkland from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Finally, Royal Bank of Canada reduced their target price on Parkland from C$54.00 to C$50.00 in a research report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$51.54.

Parkland Stock Down 0.1 %

Shares of TSE:PKI opened at C$40.55 on Monday. The company has a quick ratio of 0.73, a current ratio of 1.29 and a debt-to-equity ratio of 199.87. The company has a market capitalization of C$7.13 billion, a P/E ratio of 15.42, a P/E/G ratio of 11.79 and a beta of 1.38. Parkland has a 52-week low of C$32.14 and a 52-week high of C$47.99. The stock’s fifty day simple moving average is C$42.72 and its 200-day simple moving average is C$43.69.

Insider Activity

In related news, Senior Officer Darren Robert Smart sold 1,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$43.00, for a total value of C$43,000.00. In related news, Senior Officer Darren Robert Smart sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$43.00, for a total transaction of C$43,000.00. Also, Senior Officer Robert Berthold Espey sold 7,500 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$44.59, for a total transaction of C$334,431.00. In the last 90 days, insiders have sold 42,392 shares of company stock valued at $1,867,999. Company insiders own 20.51% of the company’s stock.

Parkland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.35 per share. This is an increase from Parkland’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, March 21st. Parkland’s payout ratio is currently 53.23%.

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.