Stantec Inc. to Post FY2018 Earnings of $2.21 Per Share, National Bank Financial Forecasts (STN)
Stantec Inc. (TSE:STN) (NYSE:STN) – Equities research analysts at National Bank Financial decreased their FY2018 earnings per share estimates for Stantec in a note issued to investors on Wednesday. National Bank Financial analyst M. Sytchev now expects that the company will post earnings per share of $2.21 for the year, down from their previous estimate of $2.27.
STN has been the subject of several other reports. Royal Bank Of Canada dropped their price objective on Stantec from C$36.00 to C$34.00 and set a “sector perform” rating for the company in a research note on Friday, May 12th. Scotiabank set a C$40.00 price objective on Stantec and gave the stock an “outperform” rating in a research note on Thursday. TD Securities dropped their price objective on Stantec from C$38.00 to C$36.00 and set a “hold” rating for the company in a research note on Friday, May 12th. Raymond James Financial, Inc. dropped their price objective on Stantec from C$39.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday, May 12th. Finally, Desjardins upgraded Stantec from a “hold” rating to a “buy” rating and set a C$39.00 price objective for the company in a research note on Friday, May 12th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of C$36.13.
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Stantec (STN) traded down 0.39% during mid-day trading on Friday, hitting $33.62. 333,597 shares of the stock traded hands. The firm has a market cap of $3.83 billion and a price-to-earnings ratio of 32.39. The stock has a 50-day moving average of $32.24 and a 200 day moving average of $33.51. Stantec has a 1-year low of $28.74 and a 1-year high of $36.85.
In other Stantec news, Director Donald James Lowry bought 1,500 shares of the stock in a transaction dated Tuesday, May 16th. The stock was bought at an average cost of C$31.80 per share, for a total transaction of C$47,700.00. Also, Director Carl Frank Clayton sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of C$31.30, for a total value of C$313,000.00. Over the last 90 days, insiders bought 4,393 shares of company stock valued at $139,371 and sold 16,916 shares valued at $533,825.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a $0.125 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.48%.
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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