Raymond James Research Analysts Cut Earnings Estimates for Park Lawn Corp (PLC)

Park Lawn Corp (TSE:PLC) – Equities researchers at Raymond James reduced their Q1 2020 earnings per share (EPS) estimates for shares of Park Lawn in a research note issued on Wednesday, May 15th. Raymond James analyst J. Rodrigues now forecasts that the company will post earnings per share of $0.29 for the quarter, down from their previous estimate of $0.32. Raymond James has a “Strong-Buy” rating and a $32.00 price target on the stock. Raymond James also issued estimates for Park Lawn’s Q2 2020 earnings at $0.31 EPS and FY2020 earnings at $1.33 EPS.

PLC has been the topic of several other reports. TD Securities upped their price target on Park Lawn from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Thursday, February 21st. National Bank Financial decreased their price target on Park Lawn from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Cormark upgraded Park Lawn from a “buy” rating to a “top pick” rating and upped their price target for the company from C$26.75 to C$32.50 in a research report on Thursday, March 28th. CIBC upped their price target on Park Lawn from C$26.00 to C$30.00 in a research report on Thursday, March 28th. Finally, Canaccord Genuity upped their price target on Park Lawn from C$29.50 to C$30.00 in a research report on Thursday, March 28th. One investment 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’s stock. Park Lawn presently has an average rating of “Buy” and an average target price of C$32.43.

TSE PLC opened at C$27.69 on Monday. The stock has a market cap of $795.81 million and a price-to-earnings ratio of 85.20. Park Lawn has a 52 week low of C$20.25 and a 52 week high of C$27.95. The company has a current ratio of 2.85, a quick ratio of 2.23 and a debt-to-equity ratio of 23.98.

Park Lawn (TSE:PLC) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$0.22 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.22. The business had revenue of C$50.15 million for the quarter, compared to analysts’ expectations of C$51.08 million.

About Park Lawn

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

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