Q1 2021 EPS Estimates for Parkland Co. (TSE:PKI) Lowered by Analyst

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Parkland Co. (TSE:PKI) – Scotiabank cut their Q1 2021 earnings estimates for shares of Parkland in a research note issued on Wednesday, April 14th. Scotiabank analyst now expects that the company will post earnings of $0.39 per share for the quarter, down from their previous forecast of $0.54. Scotiabank also issued estimates for Parkland’s Q2 2021 earnings at $0.33 EPS, Q4 2021 earnings at $0.26 EPS, FY2021 earnings at $1.55 EPS, Q1 2022 earnings at $0.47 EPS and Q2 2022 earnings at $0.42 EPS.

Several other research analysts also recently commented on PKI. Raymond James set a C$50.00 price objective on shares of Parkland and gave the company a “strong-buy” rating in a research report on Monday, March 8th. BMO Capital Markets upped their price objective on shares of Parkland from C$45.00 to C$50.00 in a research report on Monday, February 1st. TD Securities restated a “buy” rating and issued a C$50.00 target price on shares of Parkland in a research report on Monday. CIBC lifted their target price on Parkland from C$48.00 to C$49.00 in a report on Monday, March 8th. Finally, UBS Group reissued a “strong-buy” rating on shares of Parkland in a research note on Tuesday, January 5th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$47.73.

Shares of Parkland stock opened at C$37.78 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 175.42. The company has a market cap of C$5.67 billion and a PE ratio of 69.96. The company has a 50 day moving average of C$39.00 and a 200-day moving average of C$39.13. Parkland has a 1-year low of C$26.70 and a 1-year high of C$45.10.

Parkland (TSE:PKI) last announced its quarterly earnings data on Thursday, March 4th. The company reported C$0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.04). The business had revenue of C$3.47 billion for the quarter, compared to analysts’ expectations of C$4.05 billion.

In related news, Senior Officer Colin Peter Kilty sold 5,000 shares of the company’s stock in a transaction dated Friday, February 5th. The stock was sold at an average price of C$39.21, for a total transaction of C$196,052.00. Following the sale, the insider now owns 28,856 shares in the company, valued at approximately C$1,131,455.30.

Parkland Company Profile

Parkland Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada, the United States, and internationally. The company operates through Canada, International, USA, Supply, and Corporate segments. The Canada segment supplies and supports a coast-to-coast network of 1,860 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Chevron, Pioneer, and Race Trac as well as operates convenience stores under the On the Run/Marché Express brand.

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Earnings History and Estimates for Parkland (TSE:PKI)

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