Q2 2019 EPS Estimates for Park Lawn Corp Increased by National Bank Financial (PLC)
Park Lawn Corp (TSE:PLC) – National Bank Financial boosted their Q2 2019 earnings per share (EPS) estimates for Park Lawn in a research note issued on Wednesday, May 15th. National Bank Financial analyst Z. Evershed now anticipates that the company will earn $0.24 per share for the quarter, up from their prior forecast of $0.20. National Bank Financial has a “Outperform” rating and a $31.50 price objective on the stock. National Bank Financial also issued estimates for Park Lawn’s Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.28 EPS, FY2019 earnings at $1.04 EPS and FY2020 earnings at $1.26 EPS.
Several other research firms have also issued reports on PLC. TD Securities increased their price objective on shares of Park Lawn from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research report on Thursday, February 21st. Cormark upgraded shares of Park Lawn from a “buy” rating to a “top pick” rating and increased their price objective for the company from C$26.75 to C$32.50 in a research note on Thursday, March 28th. CIBC increased their price objective on shares of Park Lawn from C$26.00 to C$30.00 in a research note on Thursday, March 28th. Canaccord Genuity raised their price target on shares of Park Lawn from C$29.50 to C$30.00 in a research report on Thursday, March 28th. Finally, Raymond James restated a “strong-buy” rating and issued a C$30.00 price target on shares of Park Lawn in a research report on Thursday, March 28th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$32.43.
Park Lawn (TSE:PLC) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.22. The business had revenue of C$50.15 million during the quarter, compared to analysts’ expectations of C$51.08 million.
Park Lawn Company Profile
Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America. The company owns and operates cemeteries, crematoriums, and funeral homes. It also offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services.
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