FY2025 EPS Estimates for Parkland Raised by Raymond James

Parkland Co. (TSE:PKI) – Research analysts at Raymond James increased their FY2025 EPS estimates for shares of Parkland in a research note issued on Wednesday, November 27th. Raymond James analyst S. Hansen now expects that the company will post earnings per share of $3.28 for the year, up from their previous forecast of $3.11. The consensus estimate for Parkland’s current full-year earnings is $3.60 per share.

PKI has been the subject of several other research reports. Scotiabank reduced their price target on shares of Parkland from C$60.00 to C$52.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. CIBC lifted their price target on shares of Parkland from C$48.00 to C$49.00 in a research report on Wednesday, November 27th. Desjardins reduced their price target on shares of Parkland from C$46.00 to C$44.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective on Parkland from C$54.00 to C$53.00 in a research note on Tuesday, September 17th. Finally, BMO Capital Markets dropped their price objective on Parkland from C$49.00 to C$46.00 in a research note on Tuesday, October 22nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$48.08.

Parkland Stock Performance

TSE PKI opened at C$35.95 on Monday. The company has a fifty day simple moving average of C$34.58 and a 200 day simple moving average of C$36.55. Parkland has a 12-month low of C$31.68 and a 12-month high of C$47.99. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 206.76. The company has a market cap of C$6.26 billion, a P/E ratio of 16.97, a PEG ratio of 11.79 and a beta of 1.33.

Parkland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 20th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Thursday, September 19th. Parkland’s payout ratio is 65.73%.

Insider Transactions at Parkland

In other Parkland news, Director Michael Christian Jennings bought 4,000 shares of the stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of C$32.02 per share, for a total transaction of C$128,060.00. Company insiders own 20.51% of the company’s stock.

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.