Raymond James Equities Analysts Decrease Earnings Estimates for Park Lawn (PLC)

Park Lawn (TSE:PLC) – Investment analysts at Raymond James reduced their Q2 2018 earnings estimates for shares of Park Lawn in a note issued to investors on Wednesday, May 16th. Raymond James analyst J. Rodrigues now expects that the company will post earnings per share of $0.19 for the quarter, down from their previous forecast of $0.20. Raymond James currently has a “Outperform” rating and a $30.00 target price on the stock. Raymond James also issued estimates for Park Lawn’s FY2018 earnings at $0.85 EPS, Q1 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.32 EPS and FY2019 earnings at $1.22 EPS.

PLC has been the topic of several other research reports. Canaccord Genuity dropped their price target on Park Lawn to C$29.50 in a research note on Tuesday, May 8th. National Bank Financial set a C$30.00 price target on Park Lawn and gave the company an “outperform” rating in a research note on Friday, May 4th. Clarus Securities reiterated a “buy” rating on shares of Park Lawn in a research note on Friday, March 2nd. Finally, Acumen Capital boosted their price target on Park Lawn from C$29.00 to C$29.50 in a research note on Monday, April 2nd.

Shares of Park Lawn opened at C$24.71 on Friday, Marketbeat reports. Park Lawn has a 1-year low of C$17.75 and a 1-year high of C$27.48.

Park Lawn (TSE:PLC) last announced its earnings results on Wednesday, March 28th. The company reported C$0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.25 by C($0.07). The company had revenue of C$25.93 million during the quarter, compared to analysts’ expectations of C$30.01 million.

The company also recently declared a monthly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th were paid a dividend of $0.038 per share. The ex-dividend date of this dividend was Friday, April 27th. This represents a $0.46 annualized dividend and a yield of 1.85%.

Park Lawn Company Profile

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.

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

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