Zacks: Analysts Expect Stantec Inc. (STN) Will Announce Earnings of $0.45 Per Share
Analysts expect that Stantec Inc. (NYSE:STN) (TSE:STN) will post $0.45 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have provided estimates for Stantec’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.50. Stantec posted earnings of $0.42 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The business is expected to report its next earnings report on Thursday, November 9th.
On average, analysts expect that Stantec will report full-year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.51 to $1.67. For the next financial year, analysts forecast that the business will post earnings of $1.86 per share, with EPS estimates ranging from $1.77 to $2.06. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Stantec.
Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, August 9th. The business services provider reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. Stantec had a return on equity of 10.67% and a net margin of 2.31%. The firm had revenue of $891.49 million during the quarter, compared to the consensus estimate of $902.78 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue was up 14.7% compared to the same quarter last year.
A number of research analysts recently issued reports on STN shares. Zacks Investment Research downgraded Stantec from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Desjardins upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Friday, May 12th. BidaskClub upgraded Stantec from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, TheStreet upgraded Stantec from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $32.20.
Shares of Stantec (STN) traded up 0.35% on Friday, reaching $28.40. The company’s stock had a trading volume of 20,384 shares. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 34.68 and a beta of 1.58. Stantec has a 1-year low of $21.50 and a 1-year high of $28.55. The stock has a 50-day moving average price of $26.30 and a 200-day moving average price of $25.33.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. This is a boost from Stantec’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, September 28th. Stantec’s dividend payout ratio (DPR) is presently 47.44%.
A number of institutional investors have recently bought and sold shares of the business. FMR LLC lifted its position in Stantec by 44.2% during the 1st quarter. FMR LLC now owns 6,965,250 shares of the business services provider’s stock worth $180,751,000 after acquiring an additional 2,136,100 shares during the period. Vanguard Group Inc. lifted its position in Stantec by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 2,039,743 shares of the business services provider’s stock worth $52,830,000 after acquiring an additional 111,310 shares during the period. Grandeur Peak Global Advisors LLC lifted its position in Stantec by 3.9% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 1,510,635 shares of the business services provider’s stock worth $39,147,000 after acquiring an additional 57,400 shares during the period. Van Berkom & Associates Inc. lifted its position in Stantec by 1.0% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,291,416 shares of the business services provider’s stock worth $33,454,000 after acquiring an additional 13,350 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Stantec by 18.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 956,715 shares of the business services provider’s stock worth $24,779,000 after acquiring an additional 151,257 shares during the period. 56.98% of the stock is owned by institutional investors.
Stantec Company Profile
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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