FY2018 Earnings Forecast for Park Lawn (PLC) Issued By Cormark

Park Lawn (TSE:PLC) – Research analysts at Cormark lowered their FY2018 earnings per share (EPS) estimates for Park Lawn in a research report issued to clients and investors on Thursday, May 17th. Cormark analyst M. Macdougall now anticipates that the company will earn $0.79 per share for the year, down from their prior forecast of $0.89.

Park Lawn (TSE:PLC) last released 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 firm had revenue of C$25.93 million during the quarter, compared to analysts’ expectations of C$30.01 million.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity cut their target price on Park Lawn to C$29.50 in a research report on Tuesday, May 8th. National Bank Financial set a C$30.00 price objective on Park Lawn and gave the company an “outperform” rating in a report on Friday, May 4th. Acumen Capital boosted their price objective on Park Lawn from C$29.00 to C$29.50 in a report on Monday, April 2nd. Raymond James boosted their price objective on Park Lawn from C$25.00 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, March 6th. Finally, Clarus Securities restated a “buy” rating on shares of Park Lawn in a report on Friday, March 2nd.

TSE PLC opened at C$24.71 on Friday. Park Lawn has a fifty-two week low of C$17.75 and a fifty-two week high of C$27.48.

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, April 30th were issued a dividend of $0.038 per share. This represents a $0.46 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Friday, April 27th.

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.

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

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