National Bank Financial Research Analysts Cut Earnings Estimates for Park Lawn Co. (TSE:PLC)

Park Lawn Co. (TSE:PLCFree Report) – Investment analysts at National Bank Financial cut their Q2 2024 EPS estimates for Park Lawn in a report issued on Monday, May 13th. National Bank Financial analyst Z. Evershed now anticipates that the company will earn $0.21 per share for the quarter, down from their previous estimate of $0.24. The consensus estimate for Park Lawn’s current full-year earnings is $1.10 per share. National Bank Financial also issued estimates for Park Lawn’s Q3 2024 earnings at $0.22 EPS, Q4 2024 earnings at $0.27 EPS and FY2025 earnings at $1.20 EPS.

Park Lawn (TSE:PLCGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.02. The firm had revenue of C$102.99 million during the quarter, compared to the consensus estimate of C$102.11 million. Park Lawn had a negative return on equity of 1.26% and a negative net margin of 2.09%.

A number of other research firms also recently issued reports on PLC. National Bankshares lifted their price objective on shares of Park Lawn from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday. Acumen Capital boosted their price objective on shares of Park Lawn from C$23.00 to C$24.00 in a report on Monday. Royal Bank of Canada reduced their price objective on Park Lawn from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 5th. Finally, CIBC raised their target price on shares of Park Lawn from C$20.00 to C$21.00 and gave the stock a “neutral” rating in a report on Monday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Park Lawn has a consensus rating of “Moderate Buy” and a consensus target price of C$22.88.

Get Our Latest Stock Report on Park Lawn

Park Lawn Price Performance

PLC stock opened at C$17.37 on Thursday. The firm has a 50 day simple moving average of C$16.82 and a two-hundred day simple moving average of C$17.91. The stock has a market cap of C$593.53 million, a PE ratio of -62.04, a P/E/G ratio of 14.67 and a beta of 1.22. Park Lawn has a one year low of C$15.48 and a one year high of C$26.15. The company has a debt-to-equity ratio of 43.09, a current ratio of 1.94 and a quick ratio of 1.78.

Park Lawn Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.114 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.46 annualized dividend and a yield of 2.63%. Park Lawn’s dividend payout ratio (DPR) is presently -164.29%.

About Park Lawn

(Get Free Report)

Park Lawn Corporation, together with its subsidiaries, owns and operates cemeteries, crematoriums, and funeral homes in Canada and the United States. The company primarily offers cemetery lots, mausoleum crypts, niches, monuments, caskets, urns, outer burial containers, flowers, online and video tribute, and other merchandise, as well as funeral, cemetery, and cremation services.

Further Reading

Earnings History and Estimates for Park Lawn (TSE:PLC)

Receive News & Ratings for Park Lawn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Lawn and related companies with MarketBeat.com's FREE daily email newsletter.