Atb Cap Markets Lowers Earnings Estimates for Parkland

Key Points

• Atb Cap Markets has lowered its FY2025 earnings per share estimate for Parkland Co. from $2.83 to $2.80, while the consensus estimate remains at $3.60 per share.
• Parkland recently increased its quarterly dividend to $0.36 per share, marking a 3.8% yield with a payout ratio of 100.88%.
• Multiple analysts have downgraded Parkland's stock ratings, with price targets adjusting downwards; for example, Raymond James set a target of C$45.00, down from C$47.00.

Parkland Co. (TSE:PKI - Free Report) - Equities research analysts at Atb Cap Markets lowered their FY2025 earnings per share estimates for Parkland in a research note issued to investors on Tuesday, August 5th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $2.80 per share for the year, down from their previous estimate of $2.83. The consensus estimate for Parkland's current full-year earnings is $3.60 per share.

Several other research analysts have also commented on PKI. Raymond James Financial decreased their price objective on shares of Parkland from C$47.00 to C$45.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. CIBC downgraded shares of Parkland from an "outperform" rating to a "tender" rating and set a C$44.00 price target for the company. in a research note on Monday, June 9th. TD Securities cut Parkland from a "buy" rating to a "sell" rating and cut their price objective for the company from C$50.00 to C$44.00 in a research report on Tuesday, May 6th. Canaccord Genuity Group reduced their target price on Parkland from C$45.00 to C$42.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, BMO Capital Markets cut Parkland from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$43.82.

Parkland Stock Performance

Shares of PKI stock opened at C$38.07 on Friday. The firm has a market capitalization of C$6.64 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 11.79 and a beta of 1.33. The stock has a fifty day moving average of C$38.44 and a 200 day moving average of C$36.66. Parkland has a 52 week low of C$30.09 and a 52 week high of C$40.29. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87.

Parkland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 20th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.8%. This is an increase from Parkland's previous quarterly dividend of $0.35. Parkland's dividend payout ratio is 100.88%.

About Parkland

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated.

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