FY2025 EPS Estimates for Parkland Boosted by Raymond James

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

Several other brokerages have also recently issued reports on PKI. JPMorgan Chase & Co. cut their price objective on Parkland from C$54.00 to C$53.00 in a research note on Tuesday, September 17th. CIBC upped their price target on Parkland from C$48.00 to C$49.00 in a research report on Wednesday, November 27th. Desjardins decreased their price objective on shares of Parkland from C$46.00 to C$44.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. BMO Capital Markets lowered their target price on shares of Parkland from C$49.00 to C$46.00 in a research note on Tuesday, October 22nd. Finally, Scotiabank reduced their price target on shares of Parkland from C$60.00 to C$52.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Parkland currently has a consensus rating of “Buy” and an average price target of C$48.08.

Parkland Stock Performance

Shares of PKI stock opened at C$36.15 on Monday. The stock has a market capitalization of C$6.29 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 11.79 and a beta of 1.33. Parkland has a one year low of C$31.68 and a one year high of C$47.99. The company’s 50-day simple moving average is C$34.58 and its 200-day simple moving average is C$36.58. The company has a debt-to-equity ratio of 206.76, a quick ratio of 0.73 and a current ratio of 1.33.

Insider Buying and Selling

In related news, Director Michael Christian Jennings bought 4,000 shares of the stock in a transaction on Monday, November 4th. The shares were purchased at an average price of C$32.02 per share, with a total value of C$128,060.00. Corporate insiders own 20.51% of the company’s stock.

Parkland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 20th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.40 annualized dividend and a dividend yield of 3.87%. Parkland’s dividend payout ratio is presently 65.73%.

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.