Stantec Inc. (STN) to Release Quarterly Earnings on Thursday
Stantec Inc. (NYSE:STN) (TSE:STN) is set to issue its quarterly earnings data before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of $0.45 per share for the quarter.
Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.38 earnings per share for the quarter, beating the Zacks’ 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. Stantec had a return on equity of 10.67% and a net margin of 2.31%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS. On average, analysts expect Stantec to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Stantec Inc. (STN) opened at $28.35 on Tuesday. The firm has a market capitalization of $3,230.00, a price-to-earnings ratio of 21.10 and a beta of 1.60. Stantec Inc. has a 12 month low of $21.50 and a 12 month high of $28.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Thursday, September 28th. This is a boost from Stantec’s previous quarterly dividend of $0.09. Stantec’s dividend payout ratio is currently 49.38%.
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STN has been the topic of several research reports. Zacks Investment Research cut shares of Stantec from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada initiated coverage on shares of Stantec in a research report on Monday, October 23rd. They set a “sector perform” rating and a $40.00 price target on the stock. BidaskClub raised shares of Stantec from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, TheStreet raised shares of Stantec from a “c” rating to a “b-” rating in a research report on Monday, August 14th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.00.
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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