Raymond James Forecasts Parkland’s FY2025 Earnings (TSE:PKI)

Parkland Co. (TSE:PKI) – Equities research analysts at Raymond James upped their FY2025 earnings per share (EPS) estimates for Parkland in a note issued to investors on Wednesday, November 27th. Raymond James analyst S. Hansen now anticipates that the company will earn $3.28 per share for the year, up from their previous estimate of $3.11. The consensus estimate for Parkland’s current full-year earnings is $3.60 per share.

A number of other brokerages have also recently weighed in on PKI. CIBC lifted their price target on Parkland from C$48.00 to C$49.00 in a research note on Wednesday, November 27th. JPMorgan Chase & Co. dropped their target price on shares of Parkland from C$54.00 to C$53.00 in a research report on Tuesday, September 17th. Desjardins reduced their price target on shares of Parkland from C$46.00 to C$44.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Canaccord Genuity Group lowered their price objective 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. Finally, Scotiabank reduced their target price on Parkland from C$60.00 to C$52.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$48.08.

Parkland Stock Down 1.6 %

Shares of Parkland stock opened at C$36.15 on Monday. Parkland has a 12-month low of C$31.68 and a 12-month high of C$47.99. The firm has a market capitalization of C$6.29 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The company has a quick ratio of 0.73, a current ratio of 1.33 and a debt-to-equity ratio of 206.76. The stock’s fifty day moving average is C$34.58 and its 200-day moving average is C$36.58.

Insiders Place Their Bets

In other Parkland news, Director Michael Christian Jennings purchased 4,000 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were acquired at an average price of C$32.02 per share, for a total transaction of C$128,060.00. Insiders own 20.51% of the company’s stock.

Parkland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 20th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.40 dividend on an annualized basis and a yield of 3.87%. Parkland’s dividend payout ratio (DPR) is currently 65.73%.

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.