Equities Analysts Set Expectations for Stantec Inc.’s Q4 2017 Earnings (STN)

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%.

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About Stantec

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.

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Earnings History and Estimates for Stantec (TSE:STN)

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