National Bank Financial Comments on Parkland Q4 Earnings

Parkland Co. (TSE:PKI) – National Bank Financial issued their Q4 2024 earnings estimates for Parkland in a report released on Monday, January 27th. National Bank Financial analyst V. Shreedhar expects that the company will earn $0.58 per share for the quarter. The consensus estimate for Parkland’s current full-year earnings is $3.60 per share. National Bank Financial also issued estimates for Parkland’s FY2026 earnings at $3.94 EPS.

Other research analysts also recently issued reports about the stock. TD Securities reduced their price objective on shares of Parkland from C$55.00 to C$53.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. 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. ATB Capital decreased their price target on shares of Parkland from C$49.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. CIBC lifted their price objective on Parkland from C$48.00 to C$49.00 in a research report on Wednesday, November 27th. Finally, Desjardins reduced their target price on Parkland from C$46.00 to C$44.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Parkland presently has a consensus rating of “Buy” and a consensus target price of C$48.08.

Parkland Price Performance

PKI opened at C$33.63 on Wednesday. The stock’s 50 day moving average price is C$34.23 and its 200-day moving average price is C$35.13. Parkland has a 52-week low of C$31.68 and a 52-week high of C$47.99. The stock has a market capitalization of C$5.86 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The company has a debt-to-equity ratio of 206.76, a quick ratio of 0.73 and a current ratio of 1.33.

Parkland (TSE:PKI) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$0.60 EPS for the quarter, meeting analysts’ consensus estimates of C$0.60. Parkland had a return on equity of 12.26% and a net margin of 1.23%. During the same quarter last year, the business posted $1.28 earnings per share.

Insider Buying and Selling at Parkland

In other news, Director James Allan Neate acquired 5,000 shares of Parkland stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of C$33.29 per share, for a total transaction of C$166,450.00. Also, Director Michael Christian Jennings bought 4,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was purchased at an average price of C$32.02 per share, for a total transaction of C$128,060.00. 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.