FY2018 Earnings Forecast for Park Lawn (PLC) Issued By Cormark
Park Lawn (TSE:PLC) – Equities researchers at Cormark reduced their FY2018 earnings per share (EPS) estimates for shares of Park Lawn in a research note issued on Thursday, May 17th. Cormark analyst M. Macdougall now forecasts that the company will post earnings per share of $0.79 for the year, down from their previous estimate of $0.89.
Several other analysts also recently issued reports on the company. Canaccord Genuity reissued a “buy” rating and set a C$29.50 target price on shares of Park Lawn in a research note on Monday, March 19th. National Bank Financial lifted their target price on Park Lawn from C$25.00 to C$30.00 and gave the stock an “outperform” rating in a report on Saturday, March 3rd. Acumen Capital lifted their target price on Park Lawn from C$29.00 to C$29.50 in a report on Monday, April 2nd. Clarus Securities reiterated a “buy” rating on shares of Park Lawn in a report on Friday, March 2nd. Finally, Raymond James boosted their price objective on Park Lawn from C$25.00 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, March 6th.
Park Lawn (TSE:PLC) last posted its quarterly earnings data on Wednesday, March 28th. The company reported C$0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.25 by C($0.07). The firm had revenue of C$25.93 million during the quarter, compared to analysts’ expectations of C$30.01 million.
The firm also recently announced a monthly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, April 30th were given a dividend of $0.038 per share. This represents a $0.46 annualized dividend and a yield of 1.85%. The ex-dividend date was Friday, April 27th.
About Park Lawn
Park Lawn Corporation, together with its subsidiaries, provides goods and services associated with the disposition and memorialization of human remains in Canada and the United States. It owns and operates cemeteries, crematoriums, and funeral homes. The company also engages in chapels, planning offices, and transfer service businesses.
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