Equities Analysts Set Expectations for Parkland Q4 Earnings

Parkland Co. (TSE:PKI) – Equities research analysts at Scotiabank reduced their Q4 2024 earnings estimates for shares of Parkland in a research report issued on Thursday, January 23rd. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings of $0.40 per share for the quarter, down from their previous forecast of $0.52. Scotiabank currently has a “Outperform” rating and a $52.00 target price on the stock. The consensus estimate for Parkland’s current full-year earnings is $3.60 per share.

A number of other analysts have also recently issued reports on the stock. National Bankshares reduced their target price on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a research note on Friday, November 1st. TD Securities reduced their price objective on shares of Parkland from C$55.00 to C$53.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Canaccord Genuity Group lowered their target price on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Raymond James reduced their price target on Parkland from C$55.00 to C$47.00 in a research report on Friday, October 25th. Finally, CIBC increased their price objective on Parkland from C$48.00 to C$49.00 in a report on Wednesday, November 27th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Parkland currently has a consensus rating of “Buy” and an average target price of C$48.08.

Parkland Trading Down 1.8 %

Shares of TSE PKI opened at C$33.69 on Monday. The business has a 50 day simple moving average of C$34.25 and a 200 day simple moving average of C$35.19. Parkland has a 52 week low of C$31.68 and a 52 week high of C$47.99. The stock has a market cap of C$5.87 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 11.79 and a beta of 1.33. The company has a debt-to-equity ratio of 206.76, a quick ratio of 0.73 and a current ratio of 1.33.

Parkland (TSE:PKI) last issued its earnings results on Wednesday, October 30th. The company reported C$0.60 EPS for the quarter, meeting analysts’ consensus estimates of C$0.60. Parkland had a return on equity of 12.26% and a net margin of 1.23%. During the same period in the prior year, the company earned $1.28 EPS.

Insider Activity at Parkland

In related news, Director Michael Christian Jennings acquired 4,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were bought at an average price of C$32.02 per share, for a total transaction of C$128,060.00. Also, Director James Allan Neate bought 5,000 shares of Parkland stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of C$33.29 per share, with a total value of C$166,450.00. 20.51% of the stock is 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.