Analysts Anticipate Stantec Inc. (STN) Will Post Earnings of $0.44 Per Share

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%.

ILLEGAL ACTIVITY WARNING: “Analysts Anticipate Stantec Inc. (STN) Will Post Earnings of $0.44 Per Share” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this report can be accessed at https://ledgergazette.com/2017/11/13/analysts-anticipate-stantec-inc-stn-will-post-earnings-of-0-44-per-share.html.

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.

Get a free copy of the Zacks research report on Stantec (STN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Stantec (NYSE:STN)

Receive News & Ratings for Stantec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply