Park Lawn Co. (TSE:PLC – Get Rating) – Investment analysts at National Bank Financial dropped their Q3 2022 earnings per share estimates for Park Lawn in a research note issued to investors on Sunday, August 14th. National Bank Financial analyst Z. Evershed now anticipates that the company will earn $0.28 per share for the quarter, down from their previous forecast of $0.41. The consensus estimate for Park Lawn’s current full-year earnings is $1.85 per share. National Bank Financial also issued estimates for Park Lawn’s Q4 2022 earnings at $0.32 EPS.
Other analysts have also issued research reports about the company. Scotiabank cut their target price on Park Lawn from C$42.75 to C$37.00 in a research note on Monday. Royal Bank of Canada dropped their price objective on Park Lawn from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Monday. National Bankshares dropped their price objective on Park Lawn from C$45.00 to C$38.00 and set an “outperform” rating for the company in a research note on Monday. TD Securities dropped their price objective on Park Lawn from C$47.00 to C$43.00 and set a “buy” rating for the company in a research note on Monday. Finally, CIBC dropped their price objective on Park Lawn from C$43.00 to C$40.00 in a research note on Monday. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Park Lawn presently has an average rating of “Buy” and a consensus price target of C$42.71.
Park Lawn Stock Up 2.0 %
Shares of PLC opened at C$29.53 on Tuesday. The firm has a market cap of C$1.01 billion and a P/E ratio of 26.85. The stock has a 50 day simple moving average of C$33.28 and a two-hundred day simple moving average of C$34.16. The company has a debt-to-equity ratio of 31.01, a current ratio of 1.95 and a quick ratio of 1.58. Park Lawn has a 1 year low of C$28.60 and a 1 year high of C$42.13.
Park Lawn Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a dividend of $0.114 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.54%. Park Lawn’s dividend payout ratio is presently 41.45%.
Insider Activity at Park Lawn
In other Park Lawn news, Director Marilyn Anne Brophy bought 3,450 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was bought at an average price of C$29.25 per share, for a total transaction of C$100,912.50. Following the completion of the acquisition, the director now directly owns 11,475 shares in the company, valued at C$335,643.75.
About Park Lawn
Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in Canada and the United States. The company primarily offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral, after life celebration, cemetery, and cremation services.
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