SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) – Research analysts at Desjardins dropped their Q3 2017 earnings per share (EPS) estimates for shares of SPDR MSCI Europe Energy UCITS ETF in a research note issued to investors on Thursday. Desjardins analyst B. Poirier now expects that the business services provider will post earnings of $0.43 per share for the quarter, down from their prior forecast of $0.44. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for SPDR MSCI Europe Energy UCITS ETF’s Q4 2017 earnings at $0.40 EPS.

SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) last issued its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The company had revenue of $891.49 million for the quarter, compared to the consensus estimate of $902.78 million. SPDR MSCI Europe Energy UCITS ETF had a return on equity of 10.59% and a net margin of 2.31%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS.

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Other analysts have also recently issued reports about the company. BidaskClub cut SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research raised SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $31.80.

SPDR MSCI Europe Energy UCITS ETF (NYSE STN) opened at 26.45 on Friday. The firm has a 50-day moving average price of $25.24 and a 200 day moving average price of $25.34. The company has a market capitalization of $3.02 billion, a P/E ratio of 88.76 and a beta of 1.62. SPDR MSCI Europe Energy UCITS ETF has a 12 month low of $21.50 and a 12 month high of $28.05.

Several institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of SPDR MSCI Europe Energy UCITS ETF by 163.2% in the first quarter. Tower Research Capital LLC TRC now owns 4,038 shares of the business services provider’s stock worth $140,000 after buying an additional 2,504 shares during the period. Goldman Sachs Group Inc. raised its position in SPDR MSCI Europe Energy UCITS ETF by 24.5% in the first quarter. Goldman Sachs Group Inc. now owns 68,507 shares of the business services provider’s stock worth $1,774,000 after buying an additional 13,489 shares during the period. Lowe Brockenbrough & Co. Inc. raised its position in SPDR MSCI Europe Energy UCITS ETF by 4.7% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 9,940 shares of the business services provider’s stock worth $257,000 after buying an additional 450 shares during the period. Water Asset Management LLC raised its position in SPDR MSCI Europe Energy UCITS ETF by 471.7% in the first quarter. Water Asset Management LLC now owns 304,537 shares of the business services provider’s stock worth $7,888,000 after buying an additional 251,269 shares during the period. Finally, Grandeur Peak Global Advisors LLC raised its position in SPDR MSCI Europe Energy UCITS ETF by 3.9% in the first quarter. Grandeur Peak Global Advisors LLC now owns 1,510,635 shares of the business services provider’s stock worth $39,147,000 after buying an additional 57,400 shares during the period. Institutional investors own 57.33% of the company’s stock.

About SPDR MSCI Europe Energy UCITS ETF

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.

Earnings History and Estimates for SPDR MSCI Europe Energy UCITS ETF (NYSE:STN)

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