Stantec Inc. (TSE:STN) (NYSE:STN) – Analysts at National Bank Financial cut their Q4 2017 earnings estimates for Stantec in a research report issued on Thursday, Zacks Investment Research reports. National Bank Financial analyst M. Sytchev now expects that the company will post earnings per share of $0.37 for the quarter, down from their prior forecast of $0.43. National Bank Financial currently has a “Outperform” rating and a $39.00 target price on the stock. National Bank Financial also issued estimates for Stantec’s FY2018 earnings at $1.89 EPS and FY2019 earnings at $2.23 EPS.
STN has been the subject of several other reports. Canaccord Genuity boosted their price objective on Stantec from C$34.00 to C$36.00 in a research report on Tuesday, October 31st. Scotiabank reaffirmed an “outperform” rating and set a C$40.00 price target on shares of Stantec in a research report on Friday, November 10th. Raymond James Financial upped their price target on Stantec from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Desjardins upped their price target on Stantec from C$39.00 to C$43.00 in a research report on Monday, November 13th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a C$40.00 price objective on shares of Stantec in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$39.38.
Shares of Stantec (TSE:STN) traded down C$0.03 during mid-day trading on Monday, hitting C$35.14. The stock had a trading volume of 109,933 shares, compared to its average volume of 228,617. Stantec has a one year low of C$30.24 and a one year high of C$37.13.
In other Stantec news, Director Carl Frank Clayton sold 10,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of C$35.10, for a total transaction of C$351,000.00.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.42%. The ex-dividend date is Thursday, December 28th. Stantec’s payout ratio is 48.27%.
COPYRIGHT VIOLATION NOTICE: This story was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/12/21/stantec-inc-stn-to-post-q4-2017-earnings-of-0-37-per-share-national-bank-financial-forecasts.html.
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.
Get a free copy of the Zacks research report on Stantec (STN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.