Wall Street brokerages expect Stantec Inc. (NYSE:STN) (TSE:STN) to announce earnings of $0.44 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Stantec’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.46. Stantec reported earnings per share of $0.42 during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The company is expected to issue its next earnings results before the market opens on Thursday, November 9th.
According to Zacks, analysts expect that Stantec will report full-year earnings of $1.56 per share for the current year, with EPS estimates ranging from $1.51 to $1.62. For the next financial year, analysts forecast that the firm will report earnings of $1.84 per share, with EPS estimates ranging from $1.77 to $1.98. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Stantec.
Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. Stantec had a return on equity of 10.67% and a net margin of 2.31%. The company had revenue of $891.49 million for the quarter, compared to the consensus estimate of $902.78 million. During the same quarter last year, the business posted $0.37 EPS. Stantec’s revenue for the quarter was up 14.7% on a year-over-year basis.
A number of research analysts recently commented on the company. BidaskClub cut Stantec from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. TheStreet raised Stantec from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Zacks Investment Research cut Stantec from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Royal Bank Of Canada assumed coverage on Stantec in a research note on Monday, October 23rd. They issued a “sector perform” rating and a $40.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $33.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of STN. Vanguard Group Inc. boosted its position in Stantec by 5.8% during the first quarter. Vanguard Group Inc. now owns 2,039,743 shares of the business services provider’s stock valued at $52,830,000 after buying an additional 111,310 shares during the period. Highstreet Asset Management Inc. purchased a new stake in Stantec during the third quarter valued at about $442,000. Goldman Sachs Group Inc. boosted its position in Stantec by 24.5% during the first quarter. Goldman Sachs Group Inc. now owns 68,507 shares of the business services provider’s stock valued at $1,774,000 after buying an additional 13,489 shares during the period. Karp Capital Management Corp purchased a new stake in Stantec during the first quarter valued at about $248,000. Finally, Credit Suisse AG boosted its position in Stantec by 8.7% during the first quarter. Credit Suisse AG now owns 70,620 shares of the business services provider’s stock valued at $1,829,000 after buying an additional 5,668 shares during the period. Institutional investors and hedge funds own 57.15% of the company’s stock.
Stantec (NYSE:STN) traded up 0.70% during midday trading on Friday, hitting $28.85. The company had a trading volume of 13,661 shares. The firm’s 50 day moving average is $28.23 and its 200-day moving average is $25.92. The firm has a market capitalization of $3.28 billion, a P/E ratio of 33.78 and a beta of 1.57. Stantec has a 52 week low of $21.50 and a 52 week high of $28.90.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.39%. This is a positive change from Stantec’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, September 28th. Stantec’s dividend payout ratio is presently 51.28%.
Stantec Company Profile
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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