Wall Street brokerages expect that SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) will announce sales of $711.49 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for SPDR MSCI Europe Energy UCITS ETF’s earnings. The lowest sales estimate is $695.90 million and the highest is $723.70 million. SPDR MSCI Europe Energy UCITS ETF posted sales of $668.92 million during the same quarter last year, which suggests a positive year over year growth rate of 6.4%. The company is scheduled to announce its next quarterly earnings report on Thursday, November 9th.

On average, analysts expect that SPDR MSCI Europe Energy UCITS ETF will report full year sales of $711.49 million for the current financial year, with estimates ranging from $2.77 billion to $2.84 billion. For the next year, analysts forecast that the business will post sales of $3.06 billion per share, with estimates ranging from $2.86 billion to $3.29 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow SPDR MSCI Europe Energy UCITS ETF.

SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) last issued its 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 business had revenue of $891.49 million during the quarter, compared to analysts’ expectations of $902.78 million. SPDR MSCI Europe Energy UCITS ETF had a return on equity of 10.67% and a net margin of 2.31%. SPDR MSCI Europe Energy UCITS ETF’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share.

A number of brokerages recently weighed in on STN. Zacks Investment Research raised shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday. BidaskClub lowered shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Desjardins raised shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “buy” rating in a research note on Friday, May 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $32.20.

Shares of SPDR MSCI Europe Energy UCITS ETF (STN) opened at 26.555 on Wednesday. The firm has a market cap of $3.02 billion, a PE ratio of 32.110 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. The stock has a 50 day moving average price of $25.40 and a 200 day moving average price of $25.33.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from SPDR MSCI Europe Energy UCITS ETF’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 1.51%. SPDR MSCI Europe Energy UCITS ETF’s dividend payout ratio is presently 47.44%.

A number of 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 last quarter. Karp Capital Management Corp bought a new position in shares of SPDR MSCI Europe Energy UCITS ETF during the first quarter worth $248,000. Lowe Brockenbrough & Co. Inc. raised its position in shares of 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 last quarter. State of Wisconsin Investment Board bought a new position in shares of SPDR MSCI Europe Energy UCITS ETF during the first quarter worth $342,000. Finally, Bank of New York Mellon Corp raised its position in shares of SPDR MSCI Europe Energy UCITS ETF by 17.4% in the first quarter. Bank of New York Mellon Corp now owns 15,488 shares of the business services provider’s stock worth $401,000 after buying an additional 2,300 shares during the last quarter. 57.30% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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