National Bank Financial Brokers Reduce Earnings Estimates for Parkland Co. (TSE:PKI)

Parkland Co. (TSE:PKI) – Investment analysts at National Bank Financial dropped their FY2025 earnings per share (EPS) estimates for shares of Parkland in a report released on Thursday, May 2nd. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of $3.52 for the year, down from their previous estimate of $3.60. The consensus estimate for Parkland’s current full-year earnings is $3.30 per share.

Parkland (TSE:PKI) last released its quarterly earnings data on Tuesday, February 27th. The company reported C$0.84 EPS for the quarter, topping the consensus estimate of C$0.64 by C$0.20. The business 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%.

Several other equities research analysts have also issued reports on the stock. CIBC lowered their target price on shares of Parkland from C$57.00 to C$55.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Scotiabank raised their price objective on Parkland from C$50.00 to C$60.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Royal Bank of Canada reduced their target price on Parkland from C$54.00 to C$50.00 in a research note on Monday, April 15th. National Bankshares lifted their price target on shares of Parkland from C$49.00 to C$52.00 in a research note on Monday, April 22nd. Finally, BMO Capital Markets reduced their price objective on shares of Parkland from C$57.00 to C$55.00 in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$51.54.

Parkland Stock Performance

Shares of TSE PKI opened at C$40.55 on Monday. Parkland has a 1 year low of C$32.14 and a 1 year high of C$47.99. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.29. The company’s fifty day moving average price is C$42.72 and its 200 day moving average price is C$43.69. The company has a market capitalization of C$7.13 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 11.79 and a beta of 1.38.

Insider Activity

In related news, Senior Officer Robert Berthold Espey sold 11,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$44.00, for a total transaction of C$484,000.00. In other Parkland news, Senior Officer Darren Robert Smart sold 1,000 shares of the firm’s 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. Also, Senior Officer Robert Berthold Espey sold 11,000 shares of Parkland stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$44.00, for a total value of C$484,000.00. Insiders sold 42,392 shares of company stock worth $1,867,999 over the last three months. Insiders own 20.51% of the company’s stock.

Parkland Increases Dividend

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

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.