Parkland Co. Expected to Earn Q4 2024 Earnings of $0.86 Per Share (TSE:PKI)

Parkland Co. (TSE:PKI) – Atb Cap Markets decreased their Q4 2024 earnings per share (EPS) estimates for Parkland in a report released on Thursday, May 2nd. Atb Cap Markets analyst N. Heywood now anticipates 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 issued its quarterly earnings data on Tuesday, February 27th. The company reported C$0.84 earnings per share (EPS) for the quarter, beating 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 analyst estimates of C$8.41 billion. Parkland had a return on equity of 15.15% and a net margin of 1.45%.

Other equities analysts have also recently issued research reports about the company. TD Securities increased their target price on Parkland from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. BMO Capital Markets dropped their target price on Parkland from C$57.00 to C$55.00 in a research report on Tuesday, April 2nd. CIBC reduced their price target on Parkland from C$57.00 to C$55.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Scotiabank lifted their price objective 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. Finally, JPMorgan Chase & Co. reduced their target price on shares of Parkland from C$56.00 to C$54.00 in a report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$51.54.

Parkland Stock Down 0.1 %

Parkland stock opened at C$40.55 on Monday. Parkland has a twelve month low of C$32.14 and a twelve month high of C$47.99. 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 50 day moving average of C$42.72 and a 200-day moving average of C$43.69. The stock 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 at Parkland

In other news, Senior Officer Robert Berthold Espey sold 11,000 shares of Parkland stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$44.00, for a total transaction of C$484,000.00. In related news, Senior Officer Darren Robert Smart sold 5,000 shares of Parkland stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$44.66, for a total transaction of C$223,304.50. Also, Senior Officer Robert Berthold Espey sold 11,000 shares of the 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 the last ninety days, insiders sold 42,392 shares of company stock worth $1,867,999. Insiders own 20.51% of the company’s stock.

Parkland Increases Dividend

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