Analysts forecast that Stantec Inc. (NYSE:STN) (TSE:STN) will report $705.24 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Stantec’s earnings. The highest sales estimate is $731.48 million and the lowest is $691.86 million. Stantec posted sales of $662.66 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.4%. The firm is scheduled to issue its next earnings report on Wednesday, August 8th.

According to Zacks, analysts expect that Stantec will report full-year sales of $2.79 billion for the current fiscal year, with estimates ranging from $2.75 billion to $2.86 billion. For the next financial year, analysts expect that the company will post sales of $2.93 billion per share, with estimates ranging from $2.84 billion to $3.05 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Stantec.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Thursday, May 10th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). Stantec had a net margin of 3.67% and a return on equity of 10.74%. The business had revenue of $693.67 million during the quarter, compared to analyst estimates of $695.73 million.

Several equities analysts recently weighed in on STN shares. Zacks Investment Research cut shares of Stantec from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 27th. TheStreet cut shares of Stantec from a “b” rating to a “c+” rating in a research note on Monday, February 26th. National Bank Financial cut shares of Stantec from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Thursday, February 22nd. Finally, CIBC raised shares of Stantec from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, April 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $35.00.

Large investors have recently added to or reduced their stakes in the stock. Global X Management Co. LLC grew its stake in shares of Stantec by 75.3% in the fourth quarter. Global X Management Co. LLC now owns 7,951 shares of the business services provider’s stock valued at $222,000 after buying an additional 3,416 shares in the last quarter. ARP Americas LP bought a new position in shares of Stantec in the fourth quarter valued at $247,000. JPMorgan Chase & Co. bought a new position in shares of Stantec in the first quarter valued at $271,000. Investors Research Corp bought a new position in Stantec during the fourth quarter worth $509,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Stantec during the fourth quarter worth $3,312,000. 56.27% of the stock is owned by institutional investors and hedge funds.

Shares of Stantec traded up $0.05, hitting $25.75, during midday trading on Wednesday, MarketBeat Ratings reports. The stock had a trading volume of 2,730 shares, compared to its average volume of 26,142. Stantec has a 12 month low of $23.85 and a 12 month high of $29.25. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $2.95 billion, a PE ratio of 18.93 and a beta of 1.61.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Friday, June 29th will be paid a $0.107 dividend. The ex-dividend date is Thursday, June 28th. This represents a $0.43 annualized dividend and a dividend yield of 1.66%. Stantec’s dividend payout ratio is presently 31.62%.

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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