National Bank Financial Analysts Decrease Earnings Estimates for Parkland Co. (TSE:PKI)

Parkland Co. (TSE:PKI) – Equities research analysts at National Bank Financial reduced their FY2025 earnings per share estimates for shares of Parkland in a research report issued on Thursday, May 2nd. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $3.52 per share 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 earnings per share (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 during the quarter, compared to analysts’ expectations of C$8.41 billion. Parkland had a return on equity of 15.15% and a net margin of 1.45%.

Several other analysts also recently weighed in on PKI. BMO Capital Markets reduced their target price on Parkland from C$57.00 to C$55.00 in a report on Tuesday, April 2nd. National Bankshares boosted their target price on Parkland from C$49.00 to C$52.00 in a report on Monday, April 22nd. TD Securities boosted their target price on Parkland from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Scotiabank upped their price objective on Parkland from C$50.00 to C$60.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada reduced their price objective on Parkland from C$54.00 to C$50.00 in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Parkland currently has a consensus rating of “Moderate Buy” and an average price target of C$51.54.

Parkland Stock Down 3.4 %

Parkland stock opened at C$40.16 on Monday. Parkland has a fifty-two week low of C$30.88 and a fifty-two week 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 has a market capitalization of C$7.06 billion, a P/E ratio of 15.27, a PEG ratio of 11.79 and a beta of 1.38. The stock has a 50-day simple moving average of C$43.00 and a 200-day simple moving average of C$43.70.

Insider Buying and Selling

In related news, Senior Officer Robert Berthold Espey sold 7,500 shares of the company’s 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 value of C$328,125.00. In other Parkland news, Senior Officer Robert Berthold Espey sold 7,500 shares of the stock in a transaction 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. Also, Senior Officer Darren Robert Smart sold 5,000 shares of the stock in a transaction 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. Insiders have sold a total of 42,392 shares of company stock worth $1,867,999 in the last quarter. Company insiders own 20.51% of the company’s stock.

Parkland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 22nd were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.49%. This is a boost from Parkland’s previous quarterly dividend of $0.34. Parkland’s dividend 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.