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

Parkland Co. (TSE:PKI) – Stock analysts at National Bank Financial lowered their FY2025 EPS estimates for shares of Parkland in a report issued on Thursday, May 2nd. National Bank Financial analyst V. Shreedhar now forecasts 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 posted its quarterly earnings results on Tuesday, February 27th. The company reported C$0.84 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 for the quarter, compared to analysts’ expectations of C$8.41 billion. Parkland had a net margin of 1.45% and a return on equity of 15.15%.

Other analysts also recently issued reports about the stock. Scotiabank increased their price target 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. BMO Capital Markets lowered their price objective on Parkland from C$57.00 to C$55.00 in a research note on Tuesday, April 2nd. CIBC cut their target price on Parkland from C$57.00 to C$55.00 and set an “outperform” rating for the company in a research report on Friday. JPMorgan Chase & Co. decreased their price target on Parkland from C$56.00 to C$54.00 in a research note on Tuesday, April 16th. Finally, National Bankshares increased their price objective on Parkland from C$49.00 to C$52.00 in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$51.54.

Parkland Price Performance

TSE PKI opened at C$40.61 on Monday. The firm has a market cap of C$7.14 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 11.79 and a beta of 1.38. The stock’s 50-day moving average is C$42.86 and its two-hundred day moving average is C$43.70. Parkland has a fifty-two week low of C$32.14 and a fifty-two week high of C$47.99. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.29 and a quick ratio of 0.73.

Insider Transactions at Parkland

In other Parkland news, Senior Officer Robert Berthold Espey sold 7,500 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$43.75, for a total transaction of C$328,125.00. In related news, Senior Officer Robert Berthold Espey sold 7,500 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$43.75, for a total value of C$328,125.00. Also, Senior Officer Darren Robert Smart sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$43.00, for a total transaction of C$43,000.00. Insiders sold a total of 42,392 shares of company stock worth $1,867,999 in the last three months. Insiders own 20.51% of the company’s stock.

Parkland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 22nd were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, March 21st. This is a boost from Parkland’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.45%. Parkland’s payout ratio is 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.