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

Park Lawn Co. (TSE:PLC) – Equities researchers at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for shares of Park Lawn in a research report issued to clients and investors on Tuesday, November 7th. National Bank Financial analyst Z. Evershed now forecasts that the company will post earnings of $1.13 per share for the year, down from their previous forecast of $1.14. The consensus estimate for Park Lawn’s current full-year earnings is $1.54 per share.

Park Lawn (TSE:PLC) last posted its quarterly earnings results on Thursday, August 10th. The company reported C$0.30 EPS for the quarter, topping analysts’ consensus estimates of C$0.29 by C$0.01. Park Lawn had a return on equity of 3.42% and a net margin of 5.68%. The company had revenue of C$114.55 million during the quarter, compared to analysts’ expectations of C$115.05 million.

A number of other brokerages have also weighed in on PLC. CIBC reduced their price objective on Park Lawn from C$29.00 to C$23.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 4th. Cormark dropped their price target on Park Lawn from C$36.00 to C$27.00 in a research note on Tuesday, October 3rd. Royal Bank of Canada lowered their price objective on Park Lawn from C$33.00 to C$27.00 and set an “outperform” rating for the company in a research note on Thursday. Stifel Nicolaus decreased their price target on Park Lawn from C$32.00 to C$30.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. Finally, National Bankshares decreased their price target on Park Lawn from C$31.00 to C$22.00 and set an “outperform” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$26.25.

Park Lawn Price Performance

Park Lawn stock opened at C$17.20 on Thursday. The company has a debt-to-equity ratio of 48.79, a quick ratio of 1.78 and a current ratio of 1.92. Park Lawn has a 52 week low of C$16.12 and a 52 week high of C$29.15. The stock has a market capitalization of C$589.44 million, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 14.67 and a beta of 1.17. The stock has a fifty day moving average of C$18.93 and a 200-day moving average of C$22.33.

Park Lawn Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.114 per share. This represents a $0.46 annualized dividend and a yield of 2.65%. The ex-dividend date was Thursday, September 28th. Park Lawn’s dividend payout ratio (DPR) is 60.53%.

Park Lawn Company Profile

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, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral, after life celebration, cemetery, and cremation services.