Park Lawn Corp to Post Q1 2020 Earnings of $0.31 Per Share, Raymond James Forecasts (PLC)

Park Lawn Corp (TSE:PLC) – Investment analysts at Raymond James issued their Q1 2020 EPS estimates for shares of Park Lawn in a research note issued to investors on Wednesday, March 27th, Zacks Investment Research reports. Raymond James analyst J. Rodrigues expects that the company will earn $0.31 per share for the quarter. Raymond James has a “Strong-Buy” rating and a $30.00 price target on the stock. Raymond James also issued estimates for Park Lawn’s Q2 2020 earnings at $0.31 EPS, Q3 2020 earnings at $0.34 EPS and Q4 2020 earnings at $0.36 EPS.

Several other research analysts have also recently weighed in on the stock. Cormark upgraded shares of Park Lawn from a “buy” rating to a “top pick” rating and boosted their price objective for the stock from C$26.75 to C$32.50 in a research report on Thursday, March 28th. TD Securities boosted 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. National Bank Financial dropped their price objective on shares of Park Lawn from C$32.00 to C$30.00 in a research report on Thursday, January 17th. Canaccord Genuity boosted their price objective on shares of Park Lawn from C$29.50 to C$30.00 in a research report on Thursday, March 28th. Finally, CIBC boosted their price objective on shares of Park Lawn from C$26.00 to C$30.00 in a research report on Thursday, March 28th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$30.58.

PLC stock traded up C$0.22 during trading on Friday, hitting C$25.45. The company had a trading volume of 78,500 shares, compared to its average volume of 68,533. The company has a debt-to-equity ratio of 23.98, a current ratio of 2.85 and a quick ratio of 2.23. Park Lawn has a 12 month low of C$20.25 and a 12 month high of C$27.95. The stock has a market capitalization of $588.79 million and a PE ratio of 78.31.

Park Lawn (TSE:PLC) last posted its quarterly earnings data on Tuesday, March 26th. The company reported C$0.21 earnings per share for the quarter, topping the consensus estimate of C$0.20 by C$0.01. The company had revenue of C$50.63 million during the quarter, compared to the consensus estimate of C$49.40 million.

About Park Lawn

Park Lawn Corporation, together with its subsidiaries, provides goods and services associated with the disposition and memorialization of human remains in Canada and the United States. It owns and operates cemeteries, crematoriums, and funeral homes. The company also engages in chapels, planning offices, and transfer service businesses.

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Earnings History and Estimates for Park Lawn (TSE:PLC)

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