National Bank Financial Comments on Parkland Co.’s FY2025 Earnings (TSE:PKI)

Parkland Co. (TSE:PKI) – Equities researchers at National Bank Financial lowered their FY2025 earnings estimates for Parkland in a research note issued to investors on Thursday, May 2nd. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $3.52 per share for the year, down from their previous forecast of $3.60. The consensus estimate for Parkland’s current full-year earnings is $3.30 per share.

Several other equities analysts have also weighed in on the stock. BMO Capital Markets cut their price objective on shares of Parkland from C$57.00 to C$55.00 in a report on Tuesday, April 2nd. CIBC cut their price objective on shares of Parkland from C$57.00 to C$55.00 and set an “outperform” rating on the stock in a report on Friday. Royal Bank of Canada cut their target price on shares of Parkland from C$54.00 to C$50.00 in a report on Monday, April 15th. 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 report on Thursday, February 29th. Finally, 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 report on Tuesday, February 6th. Two investment 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 an average price target of C$51.54.

Parkland Trading Down 3.4 %

Shares of TSE PKI opened at C$40.16 on Monday. The company’s 50 day simple moving average is C$43.00 and its 200 day simple moving average is C$43.70. Parkland has a fifty-two week low of C$30.88 and a fifty-two week high of C$47.99. The firm has a market capitalization of C$7.06 billion, a P/E ratio of 15.27, a P/E/G ratio of 11.79 and a beta of 1.38. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.29 and a quick ratio of 0.73.

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

Insider Buying and Selling

In related news, Senior Officer Darren Robert Smart sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$43.00, for a total value of C$43,000.00. In related news, Senior Officer Darren Robert Smart sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$43.00, for a total value of C$43,000.00. Also, Senior Officer Robert Berthold Espey sold 7,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$44.59, for a total transaction of C$334,431.00. Insiders have sold a total of 42,392 shares of company stock worth $1,867,999 over the last ninety days. Company insiders own 20.51% of the company’s stock.

Parkland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 22nd were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.49%. This is a positive change from Parkland’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 21st. Parkland’s dividend payout ratio (DPR) is presently 53.23%.

About Parkland

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.