Cormark Equities Analysts Decrease Earnings Estimates for Park Lawn Co. (TSE:PLC)

Park Lawn Co. (TSE:PLC) – Equities researchers at Cormark decreased their Q1 2024 earnings per share (EPS) estimates for Park Lawn in a note issued to investors on Monday, November 13th. Cormark analyst K. Mcphee now forecasts that the company will earn $0.35 per share for the quarter, down from their prior estimate of $0.36. The consensus estimate for Park Lawn’s current full-year earnings is $1.54 per share. Cormark also issued estimates for Park Lawn’s Q3 2025 earnings at $0.33 EPS.

Several other analysts have also recently commented on PLC. Acumen Capital lowered their target price on shares of Park Lawn from C$28.00 to C$24.00 and set a “buy” rating for the company in a research note on Monday. National Bankshares decreased their price target on shares of Park Lawn from C$31.00 to C$22.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Stifel Nicolaus reduced their target price on shares of Park Lawn from C$32.00 to C$30.00 and set a “buy” rating on the stock in a report on Thursday, October 19th. Scotiabank reduced their target price on shares of Park Lawn from C$28.00 to C$24.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Royal Bank of Canada reduced their target price on shares of Park Lawn from C$33.00 to C$27.00 and set an “outperform” rating on the stock in a report on Thursday, November 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$24.13.

Park Lawn Stock Performance

TSE PLC opened at C$16.46 on Tuesday. Park Lawn has a 1 year low of C$15.85 and a 1 year high of C$29.15. The company has a market capitalization of C$564.08 million, a PE ratio of 21.66, a P/E/G ratio of 14.67 and a beta of 1.17. The company has a fifty day moving average of C$18.56 and a two-hundred day moving average of C$22.06. The company has a debt-to-equity ratio of 48.79, a current ratio of 1.92 and a quick ratio of 1.78.

Insider Activity at Park Lawn

In other news, Director Deborah Wallis Robinson purchased 3,000 shares of Park Lawn stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of C$16.03 per share, for a total transaction of C$48,090.00. 0.42% of the stock is owned by insiders.

Park Lawn Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a $0.114 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.46 annualized dividend and a dividend yield of 2.77%. Park Lawn’s dividend payout ratio (DPR) is presently 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.