Park Lawn Co. (TSE:PLC) to Post FY2024 Earnings of $1.88 Per Share, National Bank Financial Forecasts

Park Lawn Co. (TSE:PLC – Get Rating) – Equities researchers at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Park Lawn in a research report issued on Wednesday, January 18th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings of $1.88 per share for the year, up from their previous forecast of $1.82. The consensus estimate for Park Lawn’s current full-year earnings is $1.50 per share.

Park Lawn (TSE:PLC – Get Rating) last posted its quarterly earnings data on Wednesday, November 9th. The company reported C$0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.08). The firm had revenue of C$80.87 million during the quarter, compared to analysts’ expectations of C$106.25 million.

A number of other equities analysts have also recently issued reports on the company. TD Securities cut their price objective on Park Lawn from C$43.00 to C$34.00 and set a “buy” rating for the company in a report on Tuesday, October 4th. CIBC increased their target price on Park Lawn from C$25.00 to C$27.00 and gave the stock a “neutral” rating in a research report on Friday, November 11th. Scotiabank decreased their target price on Park Lawn from C$33.00 to C$32.00 in a research report on Friday, November 11th. Finally, National Bankshares upped their price target on Park Lawn from C$32.50 to C$33.50 in a research note on Friday, November 11th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$37.50.

Park Lawn Price Performance

PLC opened at C$26.31 on Friday. The stock has a 50-day moving average price of C$26.09 and a 200-day moving average price of C$27.08. Park Lawn has a 12-month low of C$20.64 and a 12-month high of C$39.56. The company has a current ratio of 2.14, a quick ratio of 1.78 and a debt-to-equity ratio of 38.06. The stock has a market capitalization of C$897.80 million and a P/E ratio of 25.54.

Insider Transactions at Park Lawn

In related news, Senior Officer Linda Gilbert sold 2,374 shares of the firm’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of C$27.94, for a total value of C$66,329.56. Following the transaction, the insider now directly owns 19,182 shares of the company’s stock, valued at approximately C$535,945.08.

Park Lawn Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 16th. Stockholders of record on Friday, December 30th were paid a $0.114 dividend. The ex-dividend date was Thursday, December 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.73%. Park Lawn’s dividend payout ratio (DPR) is currently 34.31%.

Park Lawn Company Profile

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Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in Canada and the United States. The company primarily offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral, after life celebration, cemetery, and cremation services.