Student Transportation Inc (STB) to Issue Monthly Dividend of $0.04 on December 15th
Student Transportation Inc (NASDAQ:STB) (TSE:STB) announced a monthly dividend on Thursday, September 14th, Wall Street Journal reports. Shareholders of record on Thursday, November 30th will be paid a dividend of 0.0367 per share by the transportation company on Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 7.53%. The ex-dividend date is Wednesday, November 29th.
Shares of Student Transportation (STB) opened at $5.84 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.83 and a debt-to-equity ratio of 3.46. Student Transportation has a 1-year low of $5.39 and a 1-year high of $6.21. The firm has a market capitalization of $554.11, a PE ratio of 48.67 and a beta of 0.72.
Student Transportation (NASDAQ:STB) (TSE:STB) last issued its quarterly earnings results on Thursday, November 9th. The transportation company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.04. Student Transportation had a return on equity of 8.30% and a net margin of 1.59%. The firm had revenue of $107.43 million during the quarter, compared to the consensus estimate of $106.57 million. During the same period last year, the business posted ($0.13) EPS. The business’s revenue was up 5.1% compared to the same quarter last year. sell-side analysts predict that Student Transportation will post 0.13 earnings per share for the current year.
A hedge fund recently raised its stake in Student Transportation stock. Vanguard Group Inc. lifted its stake in shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 20.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,885 shares of the transportation company’s stock after purchasing an additional 4,669 shares during the quarter. Vanguard Group Inc.’s holdings in Student Transportation were worth $186,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 24.87% of the company’s stock.
A number of equities analysts have recently issued reports on STB shares. BidaskClub raised shares of Student Transportation from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. National Bank Financial raised shares of Student Transportation from a “sector perform” rating to an “outperform” rating in a research report on Thursday, September 21st. Zacks Investment Research raised shares of Student Transportation from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research report on Wednesday, September 27th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $6.50 price objective on shares of Student Transportation in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Student Transportation presently has a consensus rating of “Hold” and a consensus target price of $6.84.
About Student Transportation
Student Transportation Inc is a Canada-based company engaged in providing school bus transportation services in North America. The Company provides school bus and management services to public and private schools in North America and offers services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.
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