Parkland Co. to Post Q1 2023 Earnings of $0.12 Per Share, Raymond James Forecasts (TSE:PKI)

Posted by on Apr 26th, 2023

Parkland Co. (TSE:PKI – Get Rating) – Equities research analysts at Raymond James lowered their Q1 2023 EPS estimates for Parkland in a research note issued to investors on Monday, April 24th. Raymond James analyst S. Hansen now forecasts that the company will post earnings per share of $0.12 for the quarter, down from their previous forecast of $0.14. The consensus estimate for Parkland’s current full-year earnings is $2.03 per share. Raymond James also issued estimates for Parkland’s Q3 2023 earnings at $0.66 EPS, Q4 2023 earnings at $0.70 EPS, FY2023 earnings at $1.89 EPS and FY2024 earnings at $2.76 EPS.

Separately, National Bankshares boosted their target price on shares of Parkland from C$36.00 to C$37.00 and gave the company an “outperform” rating in a report on Monday, March 6th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$39.33.

Parkland Stock Performance

Shares of Parkland stock opened at C$30.89 on Tuesday. Parkland has a fifty-two week low of C$24.25 and a fifty-two week high of C$39.45. The company has a debt-to-equity ratio of 229.57, a current ratio of 1.39 and a quick ratio of 0.73. The firm has a market capitalization of C$5.42 billion, a P/E ratio of 16.09, a P/E/G ratio of 11.79 and a beta of 1.47. The company’s 50 day moving average price is C$30.68 and its two-hundred day moving average price is C$29.56.

Parkland (TSE:PKI – Get Rating) last announced its earnings results on Thursday, March 2nd. The company reported C$0.67 EPS for the quarter, missing the consensus estimate of C$0.75 by C($0.08). The business had revenue of C$8.72 billion for the quarter, compared to the consensus estimate of C$8.86 billion. Parkland had a return on equity of 12.89% and a net margin of 0.87%.

Parkland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Wednesday, March 22nd were given a dividend of $0.34 per share. The ex-dividend date was Tuesday, March 21st. This is an increase from Parkland’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a dividend yield of 4.40%. Parkland’s payout ratio is presently 70.83%.

About Parkland

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Parkland Corporation operates food and convenience stores in Canada, the United States, the Caribbean region, and Central and South America. The company operates through four segments: Canada, USA, Supply, and International. The Canada segment owns, operates, supports, and distributes a coast-to-coast network of retail convenience, food, and fuel sites, as well as commercial cardlocks and bulk fuel facilities; and provides propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers.

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Earnings History and Estimates for Parkland (TSE:PKI)

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