Equities Analysts Offer Predictions for Parkland Co.’s Q2 2022 Earnings (TSE:PKI)

Parkland Co. (TSE:PKIGet Rating) – Investment analysts at Cormark raised their Q2 2022 EPS estimates for Parkland in a report issued on Friday, May 6th. Cormark analyst B. Watson now anticipates that the company will post earnings of $0.73 per share for the quarter, up from their previous forecast of $0.68. Cormark also issued estimates for Parkland’s Q3 2022 earnings at $0.90 EPS, Q4 2022 earnings at $0.74 EPS, Q1 2023 earnings at $0.82 EPS, Q2 2023 earnings at $0.81 EPS, Q3 2023 earnings at $1.01 EPS, Q4 2023 earnings at $0.88 EPS and FY2023 earnings at $3.52 EPS.

PKI has been the topic of a number of other research reports. Raymond James set a C$52.00 price target on Parkland and gave the stock a “strong-buy” rating in a report on Friday, March 4th. Canaccord Genuity Group decreased their price objective on Parkland from C$48.00 to C$47.00 in a report on Thursday, January 20th. CIBC cut their target price on Parkland from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Monday, March 7th. National Bankshares cut their price objective on Parkland from C$48.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Monday, March 7th. Finally, Scotiabank lifted their target price on Parkland from C$44.00 to C$45.00 in a research report on Friday. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Parkland presently has an average rating of “Buy” and an average price target of C$48.17.

Shares of PKI stock opened at C$35.06 on Monday. The company has a market cap of C$5.45 billion and a price-to-earnings ratio of 54.78. The company has a current ratio of 1.39, a quick ratio of 0.75 and a debt-to-equity ratio of 238.25. The stock has a 50 day simple moving average of C$34.94 and a 200-day simple moving average of C$34.73. Parkland has a 12-month low of C$31.18 and a 12-month high of C$41.89.

Parkland (TSE:PKIGet Rating) last released its quarterly earnings data on Thursday, March 3rd. The company reported C$0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.25 by C$0.11. The business had revenue of C$6.29 billion for the quarter, compared to analyst estimates of C$5.50 billion.

In other news, Senior Officer Robert Berthold Espey sold 6,000 shares of Parkland stock in a transaction on Wednesday, March 30th. The shares were sold at an average price of C$35.93, for a total transaction of C$215,550.00. Following the transaction, the insider now directly owns 666,130 shares of the company’s stock, valued at C$23,930,720.25.

About Parkland (Get Rating)

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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