Parkland Fuel Corp Forecasted to Earn Q3 2018 Earnings of $0.60 Per Share (PKI)

Parkland Fuel Corp (TSE:PKI) – Equities researchers at National Bank Financial issued their Q3 2018 EPS estimates for Parkland Fuel in a note issued to investors on Sunday, October 14th, according to Zacks Investment Research. National Bank Financial analyst V. Shreedhar forecasts that the company will post earnings per share of $0.60 for the quarter. National Bank Financial has a “Outperform” rating and a $49.00 price target on the stock. National Bank Financial also issued estimates for Parkland Fuel’s FY2018 earnings at $1.69 EPS and FY2019 earnings at $2.22 EPS.

A number of other equities research analysts have also recently commented on the company. Desjardins raised their price objective on Parkland Fuel from C$46.00 to C$47.00 in a research note on Wednesday, October 10th. TD Securities lifted their target price on Parkland Fuel from C$38.00 to C$45.00 in a research report on Tuesday, August 7th. CIBC lifted their target price on Parkland Fuel from C$37.50 to C$38.00 in a research report on Thursday, July 26th. Royal Bank of Canada lifted their target price on Parkland Fuel from C$33.00 to C$35.00 and gave the company a “sector perform” rating in a research report on Monday, July 30th. Finally, Canaccord Genuity lifted their target price on Parkland Fuel from C$42.00 to C$44.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$43.57.

TSE PKI traded up C$0.61 during trading hours on Wednesday, hitting C$42.61. 500,400 shares of the company’s stock were exchanged, compared to its average volume of 395,292. The company has a quick ratio of 0.62, a current ratio of 0.98 and a debt-to-equity ratio of 121.75. Parkland Fuel has a 1-year low of C$24.97 and a 1-year high of C$47.45.

The business also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, October 22nd will be given a dividend of $0.098 per share. The ex-dividend date of this dividend is Friday, October 19th. This represents a $1.18 annualized dividend and a dividend yield of 2.76%. Parkland Fuel’s payout ratio is 109.65%.

About Parkland Fuel

Parkland Fuel Corporation operates as an independent marketer and distributor of fuels and petroleum products in Canada and the United States. Its Retails Fuels segment supplies and supports a network of 1,848 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, Race Trac, On the Run/Marché Express, Short Stop, Town Pantry, Dépanneur du Coin/Corner Store, Snack Express, Verve, and others brands, as well as operates convenience stores under the On the Run/Marché Express brand.

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Earnings History and Estimates for Parkland Fuel (TSE:PKI)

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