Stantec Inc. (NYSE:STN) Expected to Announce Quarterly Sales of $729.57 Million

Wall Street analysts expect that Stantec Inc. (NYSE:STN) (TSE:STN) will announce sales of $729.57 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Stantec’s earnings, with estimates ranging from $710.21 million to $750.40 million. Stantec posted sales of $661.25 million in the same quarter last year, which suggests a positive year over year growth rate of 10.3%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 23rd.

According to Zacks, analysts expect that Stantec will report full year sales of $2.88 billion for the current financial year, with estimates ranging from $2.84 billion to $2.93 billion. For the next fiscal year, analysts expect that the firm will post sales of $3.43 billion, with estimates ranging from $3.36 billion to $3.48 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Stantec.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Wednesday, November 3rd. The business services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. Stantec had a net margin of 4.48% and a return on equity of 14.00%. The company had revenue of $740.94 million for the quarter, compared to analysts’ expectations of $775.32 million.

Several brokerages recently weighed in on STN. Royal Bank of Canada boosted their price target on shares of Stantec from C$59.00 to C$65.00 and gave the stock a “sector perform” rating in a research report on Friday, October 22nd. boosted their price objective on shares of Stantec from C$71.00 to C$82.00 and gave the company a “buy” rating in a research report on Friday, October 22nd. Zacks Investment Research cut shares of Stantec from a “buy” rating to a “sell” rating in a research report on Thursday, January 6th. Maxim Group boosted their price objective on shares of Stantec from C$72.00 to C$80.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 5th. Finally, Desjardins boosted their price objective on shares of Stantec from C$75.00 to C$81.00 and gave the company a “buy” rating in a research report on Monday, November 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $74.46.

Shares of STN opened at $53.87 on Friday. The company’s fifty day moving average is $55.45 and its 200 day moving average is $50.49. Stantec has a fifty-two week low of $34.09 and a fifty-two week high of $58.50. The stock has a market capitalization of $5.99 billion, a PE ratio of 37.67 and a beta of 0.90. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.35 and a current ratio of 1.35.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 18th. Stockholders of record on Friday, December 31st will be paid a dividend of $0.133 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.13. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 30th. Stantec’s payout ratio is currently 36.36%.

Large investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank lifted its stake in Stantec by 166.7% in the second quarter. Toronto Dominion Bank now owns 237,220 shares of the business services provider’s stock worth $9,674,000 after acquiring an additional 148,275 shares during the period. Guardian Capital LP raised its holdings in Stantec by 16.8% in the second quarter. Guardian Capital LP now owns 1,117,822 shares of the business services provider’s stock worth $49,929,000 after purchasing an additional 161,041 shares in the last quarter. AXA S.A. raised its holdings in Stantec by 10.5% in the second quarter. AXA S.A. now owns 55,700 shares of the business services provider’s stock worth $2,485,000 after purchasing an additional 5,300 shares in the last quarter. Legal & General Group Plc raised its holdings in Stantec by 11.1% in the second quarter. Legal & General Group Plc now owns 89,528 shares of the business services provider’s stock worth $3,999,000 after purchasing an additional 8,969 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Stantec by 18.5% in the second quarter. Allianz Asset Management GmbH now owns 1,355,136 shares of the business services provider’s stock worth $60,528,000 after purchasing an additional 211,944 shares in the last quarter. 59.77% of the stock is owned by institutional investors.

About Stantec

Stantec, Inc engages the provision of in general design and architectural solutions. It operates through the following segments: Buildings; Energy and Resources; Environment Services; Infrastructure; and Water. The Buildings segment offers pre-design, design, and construction administration services in planning, architecture, buildings engineering, and interior design services for vertical infrastructure.

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