Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Thursday, May 9th, Zacks reports. Investors of record on Friday, June 28th will be paid a dividend of 0.108 per share by the business services provider on Monday, July 15th. This represents a $0.43 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, June 27th.
Stantec has raised its dividend by an average of 7.6% annually over the last three years and has raised its dividend annually for the last 6 consecutive years.
Shares of STN traded down $0.19 during trading hours on Tuesday, hitting $24.25. The stock had a trading volume of 134 shares, compared to its average volume of 17,658. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.90 and a quick ratio of 1.90. Stantec has a 12 month low of $21.44 and a 12 month high of $26.74. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 17.33 and a beta of 1.17. The firm has a fifty day moving average price of $23.90.
Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. Stantec had a return on equity of 10.03% and a net margin of 1.12%. The company had revenue of $680.04 million during the quarter, compared to analyst estimates of $675.48 million. As a group, analysts forecast that Stantec will post 1.52 EPS for the current fiscal year.
Several analysts recently commented on the company. Raymond James reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of Stantec in a report on Monday, June 17th. CIBC reissued a “hold” rating on shares of Stantec in a report on Thursday, June 13th. BMO Capital Markets reissued a “buy” rating on shares of Stantec in a report on Thursday, June 13th. Zacks Investment Research raised Stantec from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Friday, May 17th. Finally, TheStreet raised Stantec from a “c” rating to a “b-” rating in a report on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Stantec currently has an average rating of “Buy” and an average target price of $32.67.
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 three segments: Consulting Services Canada, Consulting Services United States, and Consulting Services Global.
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