Q1 2020 EPS Estimates for Park Lawn Corp (PLC) Cut by Raymond James
Park Lawn Corp (TSE:PLC) – Analysts at Raymond James lowered their Q1 2020 EPS estimates for Park Lawn in a note issued to investors on Wednesday, May 15th. Raymond James analyst J. Rodrigues now anticipates that the company will earn $0.29 per share for the quarter, down from their prior estimate of $0.32. Raymond James currently 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.
A number of other equities research analysts have also issued reports on PLC. TD Securities upped their price objective on shares of Park Lawn from C$31.00 to C$32.00 and gave the company a “buy” rating in a report on Thursday, February 21st. National Bank Financial dropped their price objective on shares of Park Lawn from C$30.00 to C$28.00 and set an “outperform” rating for the company in a report on Friday, March 15th. Cormark raised shares of Park Lawn from a “buy” rating to a “top pick” rating and upped their price objective for the company from C$26.75 to C$32.50 in a report on Thursday, March 28th. CIBC upped their price objective on shares of Park Lawn from C$26.00 to C$30.00 in a report on Thursday, March 28th. Finally, Canaccord Genuity upped their price objective on shares of Park Lawn from C$29.50 to C$30.00 in a report on Thursday, March 28th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Park Lawn currently has an average rating of “Buy” and a consensus price target of C$32.43.
Park Lawn (TSE:PLC) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$0.22. The firm had revenue of C$50.15 million during 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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