Zacks: Brokerages Expect Stantec Inc. (STN) Will Post Earnings of $0.32 Per Share
Equities research analysts expect Stantec Inc. (NYSE:STN) (TSE:STN) to announce earnings of $0.32 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Stantec’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.35. Stantec posted earnings per share of $0.29 in the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The business is expected to announce its next quarterly earnings report on Thursday, May 11th.
On average, analysts expect that Stantec will report full-year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.32 to $1.66. For the next financial year, analysts forecast that the business will report earnings of $1.81 per share, with EPS estimates ranging from $1.59 to $2.02. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Stantec.
Stantec (NYSE:STN) last issued its quarterly earnings results on Thursday, February 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.06. The business had revenue of $820.20 million for the quarter, compared to analyst estimates of $643.53 million. Stantec had a return on equity of 10.28% and a net margin of 3.34%. Stantec’s revenue was up 44.6% compared to the same quarter last year.
A number of equities analysts have issued reports on the company. Zacks Investment Research lowered Stantec from a “hold” rating to a “sell” rating in a research report on Thursday, January 12th. Scotiabank raised Stantec from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 24th. Finally, TheStreet lowered Stantec from a “b-” rating to a “c+” rating in a research report on Thursday, March 9th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $33.43.
Several large investors have recently bought and sold shares of the stock. Jarislowsky Fraser Ltd raised its stake in Stantec by 1.0% in the fourth quarter. Jarislowsky Fraser Ltd now owns 10,477,665 shares of the business services provider’s stock valued at $265,018,000 after buying an additional 104,995 shares in the last quarter. Luminus Management LLC purchased a new stake in Stantec during the fourth quarter valued at about $39,034,000. Norges Bank purchased a new stake in Stantec during the fourth quarter valued at about $24,742,000. Grandeur Peak Global Advisors LLC raised its stake in Stantec by 18.8% in the third quarter. Grandeur Peak Global Advisors LLC now owns 949,247 shares of the business services provider’s stock valued at $22,311,000 after buying an additional 150,109 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in Stantec during the third quarter valued at about $19,334,000. 54.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Stantec (NYSE:STN) traded down 2.14% during mid-day trading on Thursday, hitting $25.20. 18,071 shares of the stock traded hands. The company has a market cap of $2.88 billion, a P/E ratio of 27.72 and a beta of 1.57. The stock has a 50 day moving average price of $25.95 and a 200-day moving average price of $25.53. Stantec has a one year low of $21.50 and a one year high of $28.05.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 13th. Investors of record on Friday, March 31st were given a dividend of $0.094 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.08. This represents a $0.38 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Wednesday, March 29th. Stantec’s dividend payout ratio is currently 36.26%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Stantec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.