Parkland (PKI) Scheduled to Post Quarterly Earnings on Wednesday

Parkland (TSE:PKI) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of C$0.47 per share for the quarter.

Parkland (TSE:PKI) last announced its earnings results on Tuesday, February 27th. The company reported C$0.84 earnings per share for the quarter, beating 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 the consensus estimate of C$8.41 billion. Parkland had a net margin of 1.45% and a return on equity of 15.15%.

Parkland Price Performance

Parkland stock opened at C$42.71 on Wednesday. The firm has a 50-day moving average price of C$43.68 and a 200-day moving average price of C$43.58. The firm has a market capitalization of C$7.51 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 11.79 and a beta of 1.38. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. Parkland has a 12-month low of C$30.29 and a 12-month high of C$47.99.

Parkland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 22nd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Thursday, March 21st. This is a positive change from Parkland’s previous quarterly dividend of $0.34. Parkland’s dividend payout ratio (DPR) is 53.23%.

Analyst Ratings Changes

PKI has been the subject of several analyst reports. TD Securities raised their target price on shares of Parkland from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Scotiabank raised their target price on shares of Parkland from C$50.00 to C$60.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Royal Bank of Canada lowered their target price on shares of Parkland from C$54.00 to C$50.00 in a report on Monday, April 15th. National Bankshares raised their target price on shares of Parkland from C$49.00 to C$52.00 in a report on Monday. Finally, BMO Capital Markets decreased their price objective on shares of Parkland from C$57.00 to C$55.00 in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$51.69.

Insider Activity

In other news, Senior Officer Robert Berthold Espey sold 7,500 shares of Parkland stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$43.75, for a total value of C$328,125.00. In other news, Senior Officer Darren Robert Smart sold 5,000 shares of Parkland stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$44.66, for a total value of C$223,304.50. Also, Senior Officer Robert Berthold Espey sold 7,500 shares of Parkland stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$43.75, for a total transaction of C$328,125.00. In the last quarter, insiders sold 42,392 shares of company stock worth $1,867,999. 20.51% of the stock is currently owned by corporate 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.