Brokerages predict that Stantec Inc. (NYSE:STN) (TSE:STN) will post earnings of $0.34 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Stantec’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.33. Stantec posted earnings per share of $0.30 during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The business is expected to issue its next earnings report on Thursday, February 27th.
On average, analysts expect that Stantec will report full-year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.43 to $1.53. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.75 per share, with EPS estimates ranging from $1.61 to $1.82. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Stantec.
Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, August 7th. The business services provider reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). Stantec had a net margin of 1.33% and a return on equity of 10.70%. The firm had revenue of $712.92 million during the quarter, compared to analyst estimates of $706.38 million.
A number of brokerages recently commented on STN. BMO Capital Markets lifted their price objective on Stantec from $37.00 to $39.00 in a research note on Friday. National Bank Financial raised Stantec from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $30.50 to $36.00 in a research note on Thursday. Zacks Investment Research raised Stantec from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Saturday, November 2nd. Canaccord Genuity lifted their price objective on Stantec from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Raymond James reaffirmed an “outperform” rating and set a $37.50 price objective on shares of Stantec in a research note on Friday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $36.95.
A number of large investors have recently bought and sold shares of STN. Mackenzie Financial Corp lifted its holdings in shares of Stantec by 5.4% in the second quarter. Mackenzie Financial Corp now owns 11,863,191 shares of the business services provider’s stock valued at $284,479,000 after purchasing an additional 609,955 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Stantec by 9.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,902,000 shares of the business services provider’s stock valued at $262,215,000 after purchasing an additional 975,000 shares during the last quarter. Royal Bank of Canada grew its position in shares of Stantec by 1.7% in the second quarter. Royal Bank of Canada now owns 7,005,890 shares of the business services provider’s stock valued at $168,001,000 after purchasing an additional 118,182 shares during the last quarter. QV Investors Inc. grew its position in shares of Stantec by 7.0% in the third quarter. QV Investors Inc. now owns 4,725,522 shares of the business services provider’s stock valued at $138,552,000 after purchasing an additional 311,110 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Stantec by 5.9% in the second quarter. Vanguard Group Inc. now owns 3,116,949 shares of the business services provider’s stock valued at $74,745,000 after purchasing an additional 172,277 shares during the last quarter. 66.21% of the stock is owned by hedge funds and other institutional investors.
Shares of Stantec stock traded up $1.01 during trading on Tuesday, reaching $26.05. 178,262 shares of the company were exchanged, compared to its average volume of 19,711. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.84. Stantec has a twelve month low of $20.22 and a twelve month high of $26.79. The business has a 50-day moving average price of $21.87 and a 200-day moving average price of $23.04. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 18.61 and a beta of 1.16.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.44 dividend on an annualized basis and a yield of 1.69%. Stantec’s payout ratio is 31.43%.
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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