Cormark Has Optimistic Outlook of CVE:PKT FY2025 Earnings

Parkit Enterprise Inc. (CVE:PKT) – Analysts at Cormark increased their FY2025 earnings per share estimates for Parkit Enterprise in a research note issued on Tuesday, November 19th. Cormark analyst S. Srinivas now forecasts that the company will post earnings of $0.04 per share for the year, up from their prior estimate of $0.03. The consensus estimate for Parkit Enterprise’s current full-year earnings is $0.03 per share. Cormark also issued estimates for Parkit Enterprise’s Q1 2026 earnings at $0.01 EPS, Q2 2026 earnings at $0.01 EPS, Q3 2026 earnings at $0.01 EPS and FY2026 earnings at $0.04 EPS.

PKT has been the subject of several other reports. Raymond James downgraded Parkit Enterprise from a “moderate buy” rating to a “hold” rating in a report on Sunday, August 11th. Scotiabank cut their price objective on shares of Parkit Enterprise from C$0.75 to C$0.60 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th.

Parkit Enterprise Stock Down 1.5 %

Shares of CVE:PKT opened at C$0.66 on Thursday. Parkit Enterprise has a 1 year low of C$0.47 and a 1 year high of C$0.83. The stock has a 50-day simple moving average of C$0.66 and a 200-day simple moving average of C$0.59. The company has a debt-to-equity ratio of 116.60, a quick ratio of 5.35 and a current ratio of 2.95. The stock has a market capitalization of C$147.46 million, a P/E ratio of -33.00 and a beta of 1.97.

Insider Activity at Parkit Enterprise

In other Parkit Enterprise news, Director Robert Blair Tamblyn sold 60,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of C$0.67, for a total value of C$40,200.00. Also, Director Bradley Roy Dunkley bought 1,000,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were bought at an average cost of C$0.70 per share, with a total value of C$699,800.00. In the last ninety days, insiders have bought 1,036,000 shares of company stock valued at $723,080. Corporate insiders own 39.47% of the company’s stock.

Parkit Enterprise Company Profile

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. The firm has parking assets across various markets in the United States of America. The firm seeks to invest in the United States.