Park Lawn Co. (TSE:PLC) to Post FY2024 Earnings of $1.88 Per Share, National Bank Financial Forecasts

Park Lawn Co. (TSE:PLC – Get Rating) – Analysts at National Bank Financial boosted their FY2024 earnings estimates for shares of Park Lawn in a report issued on Wednesday, January 18th. National Bank Financial analyst Z. Evershed now expects that the company will earn $1.88 per share for the year, up from their previous estimate of $1.82. The consensus estimate for Park Lawn’s current full-year earnings is $1.50 per share.

Park Lawn (TSE:PLC – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported C$0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.08). The firm had revenue of C$80.87 million for the quarter, compared to analyst estimates of C$106.25 million.

Several other equities research analysts have also recently issued reports on PLC. National Bankshares raised their target price on shares of Park Lawn from C$32.50 to C$33.50 in a research report on Friday, November 11th. Scotiabank dropped their price target on shares of Park Lawn from C$33.00 to C$32.00 in a research note on Friday, November 11th. CIBC lifted their price target on shares of Park Lawn from C$25.00 to C$27.00 and gave the stock a “neutral” rating in a research note on Friday, November 11th. Finally, TD Securities decreased their price objective on shares of Park Lawn from C$43.00 to C$34.00 and set a “buy” rating for the company in a report on Tuesday, October 4th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Park Lawn presently has a consensus rating of “Buy” and a consensus target price of C$37.50.

Park Lawn Stock Performance

TSE:PLC opened at C$26.31 on Friday. Park Lawn has a twelve month low of C$20.64 and a twelve month high of C$39.56. The company has a market capitalization of C$897.80 million and a P/E ratio of 25.54. The firm has a 50-day moving average price of C$26.09 and a two-hundred day moving average price of C$27.08. The company has a current ratio of 2.14, a quick ratio of 1.78 and a debt-to-equity ratio of 38.06.

Insiders Place Their Bets

In other news, Senior Officer Linda Gilbert sold 2,374 shares of the stock in a transaction on Thursday, January 12th. The stock was sold at an average price of C$27.94, for a total transaction of C$66,329.56. Following the sale, the insider now owns 19,182 shares in the company, valued at C$535,945.08.

Park Lawn Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 16th. Investors of record on Friday, December 30th were paid a $0.114 dividend. The ex-dividend date was Thursday, December 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.73%. Park Lawn’s payout ratio is 34.31%.

Park Lawn Company Profile

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Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in Canada and the United States. The company primarily offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral, after life celebration, cemetery, and cremation services.