Shares of Park Lawn Co. (TSE:PLC – Get Free Report) have earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$22.63.
Several brokerages have recently weighed in on PLC. Royal Bank of Canada lowered their price target on shares of Park Lawn from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. CIBC decreased their target price on shares of Park Lawn from C$21.00 to C$20.00 in a research report on Monday, March 11th. Finally, National Bankshares decreased their target price on shares of Park Lawn from C$22.00 to C$21.00 in a research report on Wednesday, March 13th.
Get Our Latest Analysis on Park Lawn
Park Lawn Trading Up 4.2 %
Park Lawn (TSE:PLC – Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported C$0.34 earnings per share for the quarter, beating the consensus estimate of C$0.28 by C$0.06. The firm had revenue of C$119.93 million for the quarter, compared to analysts’ expectations of C$120.07 million. Park Lawn had a negative net margin of 2.23% and a negative return on equity of 1.40%. As a group, equities analysts predict that Park Lawn will post 1.0915631 earnings per share for the current year.
Park Lawn Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.114 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.46 annualized dividend and a dividend yield of 2.73%. Park Lawn’s dividend payout ratio is presently -153.33%.
About Park Lawn
Park Lawn Corporation, together with its subsidiaries, owns and operates cemeteries, crematoriums, and funeral homes in Canada and the United States. The company primarily offers cemetery lots, mausoleum crypts, niches, monuments, caskets, urns, outer burial containers, flowers, online and video tribute, and other merchandise, as well as funeral, cemetery, and cremation services.
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