FY2017 EPS Estimates for Stantec Inc. Lowered by KeyCorp (TSE:STN)

Stantec Inc. (TSE:STN) (NYSE:STN) – KeyCorp dropped their FY2017 earnings per share (EPS) estimates for Stantec in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. KeyCorp analyst T. Afzal now expects that the company will earn $1.93 per share for the year, down from their previous forecast of $1.95. KeyCorp also issued estimates for Stantec’s Q4 2017 earnings at $0.49 EPS.

STN has been the subject of several other research reports. Canaccord Genuity lifted their price target on shares of Stantec from C$34.00 to C$36.00 in a research report on Tuesday, October 31st. Scotiabank set a C$40.00 price target on shares of Stantec and gave the stock an “outperform” rating in a research report on Thursday, August 10th. Raymond James Financial lifted their price target on shares of Stantec from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Desjardins lifted their price target on shares of Stantec from C$39.00 to C$43.00 in a research report on Monday, November 13th. Finally, TD Securities lifted their price target on shares of Stantec from C$36.00 to C$38.00 and gave the stock a “hold” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$39.38.

Shares of Stantec (TSE STN) traded down C$0.08 during midday trading on Monday, hitting C$34.23. 104,308 shares of the company’s stock were exchanged, compared to its average volume of 202,733. Stantec has a one year low of C$30.24 and a one year high of C$37.13.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, December 28th. Stantec’s dividend payout ratio is currently 48.27%.

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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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Earnings History and Estimates for Stantec (TSE:STN)

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