Equities analysts expect Stantec Inc. (NYSE:STN) (TSE:STN) to post $0.41 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Stantec’s earnings, with estimates ranging from $0.35 to $0.45. Stantec reported earnings per share of $0.43 in the same quarter last year, which would suggest a negative year over year growth rate of 4.7%. The company is expected to report its next quarterly earnings report on Thursday, November 8th.

On average, analysts expect that Stantec will report full year earnings of $1.35 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.38. For the next year, analysts anticipate that the firm will report earnings of $1.68 per share, with EPS estimates ranging from $1.63 to $1.76. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Stantec.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, August 8th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.10). Stantec had a return on equity of 10.09% and a net margin of 2.58%. The company had revenue of $703.54 million during the quarter, compared to analysts’ expectations of $705.24 million.

STN has been the topic of a number of recent research reports. CIBC downgraded shares of Stantec from a “sector outperform” rating to a “neutral” rating in a report on Thursday, July 5th. Zacks Investment Research upgraded shares of Stantec from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Wednesday, July 11th. ValuEngine upgraded shares of Stantec from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, TheStreet upgraded shares of Stantec from a “c+” rating to a “b-” rating in a report on Monday, July 2nd. Four research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $34.50.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in shares of Stantec during the 2nd quarter valued at about $249,000. JPMorgan Chase & Co. acquired a new stake in shares of Stantec during the 1st quarter valued at about $271,000. Bank of America Corp DE boosted its position in shares of Stantec by 42.6% during the 2nd quarter. Bank of America Corp DE now owns 19,366 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 5,790 shares in the last quarter. Global X Management Co LLC boosted its position in shares of Stantec by 18.7% during the 2nd quarter. Global X Management Co LLC now owns 27,743 shares of the business services provider’s stock valued at $712,000 after acquiring an additional 4,374 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Stantec by 27.1% during the 2nd quarter. CIBC Asset Management Inc now owns 61,610 shares of the business services provider’s stock valued at $1,585,000 after acquiring an additional 13,151 shares in the last quarter. Institutional investors own 58.34% of the company’s stock.

STN stock traded up $0.20 during midday trading on Friday, reaching $25.70. The company had a trading volume of 15,463 shares, compared to its average volume of 12,485. Stantec has a 1 year low of $24.05 and a 1 year high of $29.25. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 18.90 and a beta of 1.60.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 11th. Shareholders of record on Friday, September 28th will be given a $0.106 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.42 annualized dividend and a yield of 1.65%. Stantec’s dividend payout ratio is 30.88%.

Stantec Company Profile

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 four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.

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Earnings History and Estimates for Stantec (NYSE:STN)

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