Parkland (PKI) Set to Announce Quarterly Earnings on Wednesday

Parkland (TSE:PKI) will be issuing its quarterly earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of C$0.91 per share for the quarter.

Parkland (TSE:PKI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.19. Parkland had a net margin of 1.25% and a return on equity of 12.52%. The company had revenue of C$6.94 billion during the quarter, compared to analysts’ expectations of C$8.13 billion.

Parkland Trading Down 0.5 %

TSE PKI opened at C$38.39 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.37 and a debt-to-equity ratio of 210.21. Parkland has a 52 week low of C$35.00 and a 52 week high of C$47.99. The stock has a market capitalization of C$6.71 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 11.79 and a beta of 1.37. The firm has a 50 day moving average of C$38.34 and a two-hundred day moving average of C$41.76.

Parkland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 21st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.65%. The ex-dividend date was Thursday, June 20th. Parkland’s dividend payout ratio (DPR) is presently 64.52%.

Wall Street Analysts Forecast Growth

PKI has been the subject of several research analyst reports. BMO Capital Markets lowered their target price on shares of Parkland from C$55.00 to C$52.00 in a report on Tuesday, July 16th. CIBC lowered their target price on shares of Parkland from C$55.00 to C$54.00 in a report on Thursday, July 18th. National Bankshares lowered their target price on shares of Parkland from C$52.00 to C$49.00 and set an “outperform” rating for the company in a report on Tuesday, July 23rd. Desjardins lowered their target price on shares of Parkland from C$51.00 to C$48.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Parkland from C$56.00 to C$54.00 in a report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.69.

Insider Activity at Parkland

In other news, Senior Officer Marcel Teunissen acquired 1,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of C$40.35 per share, for a total transaction of C$40,350.00. 20.51% of the stock is owned by 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.