Parkland FY2024 EPS Forecast Decreased by Atb Cap Markets

Parkland Co. (TSE:PKI) – Research analysts at Atb Cap Markets lowered their FY2024 EPS estimates for shares of Parkland in a research report issued to clients and investors on Thursday, October 31st. Atb Cap Markets analyst N. Heywood now expects that the company will earn $2.41 per share for the year, down from their previous estimate of $2.68. The consensus estimate for Parkland’s current full-year earnings is $3.60 per share. Atb Cap Markets also issued estimates for Parkland’s Q1 2025 earnings at $0.62 EPS, Q2 2025 earnings at $0.77 EPS, Q4 2025 earnings at $0.89 EPS and FY2026 earnings at $4.00 EPS.

PKI has been the subject of a number of other research reports. TD Securities decreased their price target on shares of Parkland from C$55.00 to C$53.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada cut their price objective on shares of Parkland from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. ATB Capital cut their price objective on shares of Parkland from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. CIBC dropped their price target on shares of Parkland from C$50.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Canaccord Genuity Group dropped their price target on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$47.38.

Parkland Price Performance

Shares of PKI opened at C$31.69 on Monday. Parkland has a fifty-two week low of C$31.68 and a fifty-two week high of C$47.99. The company has a 50 day moving average price of C$35.15 and a 200-day moving average price of C$37.56. The company has a debt-to-equity ratio of 206.76, a quick ratio of 0.73 and a current ratio of 1.33. The stock has a market capitalization of C$5.52 billion, a PE ratio of 15.08, a PEG ratio of 11.79 and a beta of 1.33.

Parkland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 20th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend was Thursday, September 19th. Parkland’s dividend payout ratio (DPR) is presently 65.73%.

Insiders Place Their Bets

In other Parkland news, Director Michael Christian Jennings acquired 4,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were bought at an average cost of C$32.02 per share, for a total transaction of C$128,060.00. In other Parkland news, Director Michael Christian Jennings purchased 4,000 shares of Parkland stock in a transaction on Monday, November 4th. The stock was bought at an average price of C$32.02 per share, for a total transaction of C$128,060.00. Also, Senior Officer Marcel Teunissen acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average price of C$36.52 per share, with a total value of C$36,520.00. 20.51% of the stock is owned by company insiders.

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.