Analysts expect Stantec Inc. (NYSE:STN) (TSE:STN) to report $700.95 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Stantec’s earnings, with estimates ranging from $676.63 million to $716.68 million. Stantec reported sales of $680.33 million during the same quarter last year, which indicates a positive year over year growth rate of 3%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 8th.

According to Zacks, analysts expect that Stantec will report full year sales of $2.71 billion for the current year, with estimates ranging from $2.68 billion to $2.75 billion. For the next year, analysts forecast that the company will post sales of $2.83 billion per share, with estimates ranging from $2.75 billion to $2.90 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Stantec.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Wednesday, August 8th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.10). The company had revenue of $703.54 million during the quarter, compared to the consensus estimate of $705.24 million. Stantec had a net margin of 2.58% and a return on equity of 10.09%.

Several research firms have issued reports on STN. ValuEngine raised Stantec from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Zacks Investment Research raised Stantec from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. CIBC cut Stantec from a “sector outperform” rating to a “neutral” rating in a report on Thursday, July 5th. Finally, TheStreet raised Stantec from a “c+” rating to a “b-” rating in a report on Monday, July 2nd. Four analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $34.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of STN. Swiss National Bank grew its position in Stantec by 7.5% during the 1st quarter. Swiss National Bank now owns 208,170 shares of the business services provider’s stock worth $5,130,000 after purchasing an additional 14,500 shares in the last quarter. Toronto Dominion Bank grew its position in Stantec by 455.1% during the 1st quarter. Toronto Dominion Bank now owns 150,901 shares of the business services provider’s stock worth $3,718,000 after purchasing an additional 123,718 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Stantec during the 1st quarter worth approximately $271,000. Dimensional Fund Advisors LP grew its position in Stantec by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 137,407 shares of the business services provider’s stock worth $3,387,000 after purchasing an additional 9,499 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in Stantec by 3.2% during the 1st quarter. Jupiter Asset Management Ltd. now owns 432,081 shares of the business services provider’s stock worth $13,736,000 after purchasing an additional 13,587 shares in the last quarter. Hedge funds and other institutional investors own 58.34% of the company’s stock.

NYSE STN opened at $25.45 on Tuesday. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 18.71 and a beta of 1.61. Stantec has a 1 year low of $24.05 and a 1 year high of $29.25. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 11th. Shareholders of record on Friday, September 28th will be given a dividend of $0.106 per share. This represents a $0.42 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, September 27th. Stantec’s payout ratio is 30.88%.

Stantec Company Profile

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It 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 (NYSE:STN)

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