Scotiabank Comments on Parkland's FY2025 Earnings (TSE:PKI)

Key Points

• Scotiabank has raised its FY2025 earnings estimate for Parkland Co. to **$2.49** per share, up from $2.19, while maintaining a **"Hold"** rating and a target price of **C$44.00**.
• Parkland recently increased its quarterly dividend to **$0.36** per share, representing an annualized yield of **3.8%** and a payout ratio of **100.88%**.
• Analysts have mixed ratings on Parkland, with **one sell**, **three hold**, and **five buy** ratings, as well as a consensus target price of **C$43.82**.

Parkland Co. (TSE:PKI - Free Report) - Equities researchers at Scotiabank raised their FY2025 EPS estimates for shares of Parkland in a research report issued on Wednesday, August 6th. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings per share of $2.49 for the year, up from their prior forecast of $2.19. Scotiabank currently has a "Hold" rating and a $44.00 price objective on the stock. The consensus estimate for Parkland's current full-year earnings is $3.60 per share.

PKI has been the subject of a number of other reports. BMO Capital Markets cut shares of Parkland from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. National Bankshares lifted their price target on shares of Parkland from C$41.00 to C$42.00 and gave the stock a "tender" rating in a research note on Wednesday. CIBC cut 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. Raymond James Financial dropped their price target on shares of Parkland from C$47.00 to C$45.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. cut shares of Parkland from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from C$54.00 to C$41.00 in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$43.82.

Parkland Price Performance

Shares of TSE:PKI traded up C$0.07 on Friday, reaching C$38.14. The company's stock had a trading volume of 900,230 shares, compared to its average volume of 810,915. Parkland has a 52-week low of C$30.09 and a 52-week high of C$40.29. The company has a market cap of C$6.65 billion, a P/E ratio of 27.48, a PEG ratio of 11.79 and a beta of 1.33. The company has a 50-day simple moving average of C$38.42 and a 200 day simple moving average of C$36.70. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39.

Parkland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 20th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.8%. This is a boost from Parkland's previous quarterly dividend of $0.35. Parkland's 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.