Stantec Inc. (TSE:STN) (NYSE:STN) – Research analysts at National Bank Financial lowered their Q3 2019 earnings estimates for shares of Stantec in a report released on Thursday, August 8th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $0.55 per share for the quarter, down from their prior estimate of $0.63. National Bank Financial has a “Sector Perform” rating and a $30.50 price objective on the stock.

STN has been the topic of several other reports. Desjardins upped their price objective on shares of Stantec from C$39.00 to C$40.00 in a research report on Monday, May 13th. TD Securities dropped their target price on shares of Stantec from C$36.00 to C$33.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Canaccord Genuity lowered shares of Stantec from a “buy” rating to a “hold” rating and dropped their target price for the company from C$38.00 to C$31.00 in a research report on Friday, August 9th. Raymond James dropped their target price on shares of Stantec from C$35.00 to C$34.50 and set a “market perform” rating for the company in a research report on Friday, August 9th. Finally, BMO Capital Markets dropped their target price on shares of Stantec from C$39.00 to C$37.00 in a research report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$34.67.

Shares of STN opened at C$28.77 on Monday. Stantec has a 12-month low of C$26.67 and a 12-month high of C$35.04. The company has a current ratio of 1.90, a quick ratio of 1.83 and a debt-to-equity ratio of 96.15. The company has a market cap of $3.18 billion and a P/E ratio of 58.71. The firm’s 50-day simple moving average is C$31.16.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.145 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.58 annualized dividend and a yield of 2.02%. Stantec’s payout ratio is presently 115.31%.

In other Stantec news, Director Jeffrey Philip Stone sold 3,000 shares of Stantec stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$32.26, for a total transaction of C$96,774.00.

About Stantec

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 three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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Earnings History and Estimates for Stantec (TSE:STN)

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