What is Scotiabank’s Forecast for Parkland Q4 Earnings?

Parkland Co. (TSE:PKI) – Stock analysts at Scotiabank decreased their Q4 2024 earnings per share (EPS) estimates for Parkland in a research note issued on Thursday, January 23rd. Scotiabank analyst B. Isaacson now expects that the company will earn $0.40 per share for the quarter, down from their prior forecast of $0.52. Scotiabank has a “Outperform” rating and a $52.00 price objective on the stock. The consensus estimate for Parkland’s current full-year earnings is $3.60 per share.

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

A number of other equities analysts have also commented on the company. CIBC boosted their price objective on Parkland from C$48.00 to C$49.00 in a research note on Wednesday, November 27th. TD Securities reduced their price target 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. BMO Capital Markets lowered their price objective on shares of Parkland from C$49.00 to C$46.00 in a research report on Tuesday, October 22nd. ATB Capital reduced their target price on shares of Parkland from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Desjardins lowered 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 report on Wednesday, October 23rd. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$48.08.

Parkland Stock Performance

TSE:PKI opened at C$33.63 on Monday. The stock has a market capitalization of C$5.86 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. Parkland has a 1 year low of C$31.68 and a 1 year high of C$47.99. The firm has a 50 day moving average of C$34.23 and a 200-day moving average of C$35.13. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 206.76.

Insider Transactions at Parkland

In other news, Director James Allan Neate bought 5,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of C$33.29 per share, for a total transaction of C$166,450.00. Also, Director Michael Christian Jennings purchased 4,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was purchased at an average cost of C$32.02 per share, with a total value of C$128,060.00. 20.51% of the stock is owned by corporate 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.