Park Lawn Corp (TSE:PLC) announced a monthly dividend on Friday, June 21st, Zacks reports. Shareholders of record on Sunday, June 30th will be paid a dividend of 0.038 per share on Monday, July 15th. This represents a $0.46 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, June 27th.
TSE PLC traded down C$0.13 during midday trading on Wednesday, hitting C$28.64. 6,865 shares of the company traded hands, compared to its average volume of 89,225. The company has a current ratio of 2.56, a quick ratio of 2.02 and a debt-to-equity ratio of 25.24. The stock has a market capitalization of $848.98 million and a P/E ratio of 77.72. The firm has a 50-day simple moving average of C$28.57. Park Lawn has a 52 week low of C$20.25 and a 52 week high of C$29.94.
Park Lawn (TSE:PLC) last announced its earnings results on Tuesday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.22. The company had revenue of C$50.15 million for the quarter, compared to the consensus estimate of C$51.08 million. As a group, research analysts anticipate that Park Lawn will post 1.23 EPS for the current year.
Several analysts have issued reports on PLC shares. Canaccord Genuity increased their target price on Park Lawn from C$29.50 to C$30.00 in a research report on Thursday, March 28th. CIBC increased their target price on Park Lawn from C$26.00 to C$30.00 in a research report on Thursday, March 28th. GMP Securities reissued an “average” rating and issued a C$36.00 price objective on shares of Park Lawn in a research report on Monday, May 13th. TD Securities raised their price objective on Park Lawn from C$31.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, National Bank Financial set a C$29.00 price objective on Park Lawn and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. One analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Park Lawn presently has a consensus rating of “Buy” and an average target price of C$32.64.
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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