Parkland (PKI) Scheduled to Post Quarterly Earnings on Wednesday

Parkland (TSE:PKI) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Parkland to post earnings of C$0.47 per share for the quarter.

Parkland (TSE:PKI) last announced its quarterly earnings data on Tuesday, February 27th. The company reported C$0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.64 by C$0.20. The firm had revenue of C$7.75 billion during the quarter, compared to analyst estimates of C$8.41 billion. Parkland had a net margin of 1.45% and a return on equity of 15.15%.

Parkland Trading Up 0.6 %

Shares of PKI stock opened at C$42.71 on Wednesday. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.29 and a quick ratio of 0.73. The firm has a market cap of C$7.51 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 11.79 and a beta of 1.38. The company has a 50-day moving average of C$43.68 and a two-hundred day moving average of C$43.58. Parkland has a 1-year low of C$30.29 and a 1-year high of C$47.99.

Parkland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, March 21st. This is a positive change from Parkland’s previous quarterly dividend of $0.34. Parkland’s dividend payout ratio (DPR) is 53.23%.

Insider Transactions at Parkland

In related news, Senior Officer Darren Robert Smart sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$44.66, for a total value of C$223,304.50. In other Parkland news, Senior Officer Robert Berthold Espey sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$43.75, for a total transaction of C$328,125.00. Also, Senior Officer Darren Robert Smart sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$44.66, for a total transaction of C$223,304.50. Over the last quarter, insiders have sold 42,392 shares of company stock valued at $1,867,999. 20.51% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PKI. JPMorgan Chase & Co. lowered their target price on shares of Parkland from C$56.00 to C$54.00 in a research note on Tuesday, April 16th. TD Securities increased their target price on shares of Parkland from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. BMO Capital Markets lowered their target price on shares of Parkland from C$57.00 to C$55.00 in a research note on Tuesday, April 2nd. Scotiabank increased their target price on shares of Parkland from C$50.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada reduced their price target on shares of Parkland from C$54.00 to C$50.00 in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$51.69.

Parkland Company Profile

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company's Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.